more-inEight core sectors grew at a slower pace of 4.7% in October, chiefly due to subdued performance of cement, steel and refinery segments. The eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — had clocked a growth of 7.1% in October last year. Official data released Thursday showed that cement production contracted by 2.7% as against an expansion of 6.2% in October 2016. Output growth in the steel segment too slowed to 8.4% in the last month compared with 17.4% in the year-earlier period. Cumulatively, the growth in the eight core sectors slowed down to 3.5% as against 5.6% in the comparable period of the last fiscal.

Source: The Hindu November 30, 2017 16:52 UTC