Chief economic advisor Raghuram Rajan on Thursday said economic growth was stabilizing and government's efforts should strengthen the recovery, but cautioned against any sweeping conclusion from the sharp rebound in industrial growth in October. The industrial production growth, as measured by the index of industrial production, rose to a 16-month high of 8.2 per cent in October, data released on Wednesday showed. "We should not be overly influenced by one number especially given that there are some issues like base effect with the IIP number. We should take it as part of a pattern that hopefully the economic growth is stabilising" Rajan said.

Source - http://economictimes.indiatimes.com