Core sector grows 4.7% in October - News Summed Up

Core sector grows 4.7% in October


NEW DELHI: The country’s eight core infrastructure industries grew 4.7% in October, matching the September growth, which has been revised down from 5.2%, data released on Thursday shows. This is the highest core sector growth since March 2017. Six of the eight industries included in the core sector recorded a sequential deterioration in growth, but that was offset by pick up in output of steel and fertilisers. The other industries in core sector are electricity, fertilisers, refinery products, natural gas, and coal. The core sector industries have a 40% weigh in the Index of Industrial Production (IIP).


Source: Economic Times November 30, 2017 12:04 UTC



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