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NEW DELHI: India's November industrial output grew at its fastest pace in two years, which analysts say will strengthen the case for the central bank to tighten monetary stance to temper inflationary expectations.
THERE was a sense of i>deja vu/iin the initial reaction of global markets to the debt problems in Dubai. But what was feared to be a possible cause of a serious contagion effect that could derail the fragile global economic recovery turned out to be merely a case of temporary jitters for the global stock market.