The core sector for the month of September contracted massively by 5.2 per cent from the 0.5 per cent contraction seen in August. The index was dragged down by coal mining which came in at -20.5 per cent.The figures for the same month last year stood at 4.3 per cent. The cumulative growth during the period of April-September 2019-20 was 1.3 per cent.
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The core sector for the month of September contracted massively by 5.2 per cent from the 0.5 per cent contraction seen in August. The index was dragged down by coal mining which came in at -20.5 per cent.The figures for the same month last year stood at 4.3 per cent. The cumulative growth during the period of April-September 2019-20 was 1.3 per cent.
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Growth of eight core sectors slowed down to 2.6 per cent in December 2018 on account of negative growth in expansion of crude oil, refinery products and fertilisers. According to Commerce and Industries ministry, coal, natural gas and steel output grew by 0.9 per cent, 4.2 per cent and 13.2 per cent, respectively. During April-December 2018-19, the eight sector recorded a growth of 4.8 per cent as compared to 3.9 per cent in same period of previous fiscal.
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The growth of eight core sectors slowed down to 2.1 per cent in February due to fall in output of crude oil and refinery products, official data showed Monday. Eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had expanded by 5.4 per cent in February 2018.
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Industrial output growth dropped to a 17-month low of 0.5 per cent in November on account of contraction in manufacturing sector, particularly consumer and capital goods. Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 8.5 per cent in November 2017, as per data released by the Central Statistics Office (CSO) Friday. The previous low was in June 2017, when IIP growth contracted by 0.3 per cent. The growth for October 2018 was revised upwards to 8.4 per cent from 8.1 per cent.
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Contraction in manufacturing and mining activity plunged India's September factory output deep in the red. The Index of Industrial Production (IIP) declined (-) 4.3 per cent in September from (-)1.40 per cent in August 2019.
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New Delhi: India's GDP growth has slowed down to 6.6 per cent in the December quarter, as per the latest government data. The growth rate is below expectations. While speaking to ANI on this issue, Congress leader Kapil Sibal said, “It’s a very shocking state of affairs, that after an absolute majority they had a free run on the economy, they could have brought in some radical changes but they lost out these opportunities
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