India’s manufacturing activity, which consumes about half of the country’s power supply, surged in August to the highest level in 17 years, driving the fastest growth in electricity generation in five months. India saw a 4% rise in power generation in August, according to a Reuters analysis of data from Grid India, the federal grid operator. Industrial activity, which began to recover in July and soared in August to a 2008 high, was the key driver of higher electricity generation in one of the fastest-growing developing economies. …
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