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Factory output surges 11.9% on low-base effect
IIP rises to 131.1 in Aug from 117.2 in Aug 2020 and 126.2 in Aug 2019; Manufacturing, mining & power sectors surpass pre-Covid level
Expect real GDP to decline 1-2% YoY in 3QFY21
The contraction in India's real GDP can narrow down to just 1-2 per cent, said a report by Motilal Oswal Financial Services.