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Not Seeing Rebound In Manufacturing Activity: SBI

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September 12: A Bloomberg poll sees the July industrial production data contracting by a half a percent. State Bank of India’s Soumyakanti Ghosh also expects a 1% contraction and says the trend will continue for a few months. “After the new RBI governor’s remarks last week, there has been a significant improvement in sentiment which is driving markets,” he says, but adds that it will still take some time before the economy fully recovers.