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Slowdown continues: Nov core sector growth contracts by 1.5%

  •   Tue, Dec 31 2019 07:02:39 PM

New Delhi, Dec 31: 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.

The ECI comprises over 40 per cent of the weight of items included in the Index of Industrial Production (IIP).
  

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Comment on this article

  • smr, Karkala

    Tue, Dec 31 2019

    The party of difference shining India under PM Modi's focus is only on CAA, NRC,Mandir, Pakistan to achieve before 2024, so core sector growth is least significance.
    Six numbers the Modi government did not want you to know in 2019. If 2019 was the year of no data, 2020 may be the year of dangerous data.
    1.Unemployment was at a 45-year high.
    2. Consumer spending fell for the first time in 40 years.
    3. GDP growth of the country less than 5%.
    4. ‘Crimes in India’ report an entire three years late – and still decided not to put out all the data it had collected.
    5. Farmer suicide like the rest of the report, this data was three years late – and yet incomplete.
    6.Data from the Socio-Economic Caste Census 2011 – collected under the UPA government – has not been released even eight years later. This data is supposed to be used to frame welfare policies targeting marginalized groups.

    Say Bharat Mata ki Jai everything will be solved.
    Jai Hind

    DisAgree Agree Reply Report Abuse

  • Alwin, Mangalore

    Tue, Dec 31 2019

    There is improvement in crime rape communalism bank and public sector close down and loss of employment etc New achievement in a civilzed society after 70 year's of Independence. But fear not the country had birth of buddha mahavir basavanna Gandhi etc etc. In depth country is spiritually and morally strong

    DisAgree Agree [6] Reply Report Abuse

  • Anand, Mangalore

    Tue, Dec 31 2019

    need of the hour is CAA/NRC and not economic slowdown!

    DisAgree Agree [6] Reply Report Abuse


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Title: Slowdown continues: Nov core sector growth contracts by 1.5%



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