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India's core sector growth contracts 1.5% in November: Data

Indias core sector growth contracts 1.5% in November: Data

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  1 Jan 2020 7:42 AM GMT

New Delhi: Contraction in India’s eight major industries continued for the fourth consecutive month in November as the output pace receded by -1.5 per cent.

However, the rate of contraction in November was slower than the sharp plunge of -5.8 per cent registered in October.

On a year-on-year basis, the growth rate stood at 3.3 per cent in November 2018.

The eight core industries include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.

According to the Index of Eight Core Industries, barring refinery products, fertilisers and cement, all other sectors contracted in November. (IANS)

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