Slowdown Continues: November Core Sector Growth Contracts By 1.5% | Read

PUBLISHED ON: December 31, 2019 | Duration: 2 min, 06 sec

  
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Contraction in 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, fertilizers, steel, cement and electricity.
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