Core sector growth hits 14-month low of 3.8% in Dec due to high base

India’s core sector output growth hit a 14-month low of 3.8 per cent year-on-year in December on the back of a high base and a moderation in the growth of six constituent sectors, according to the Ministry of Commerce and Industry data released on Wednesday.

This was sharply down from 7.9 per cent witnessed in the previous month. In December 2022, the core sector, comprising eight key infrastructure industries, had grown 8.3 per cent.

According to the data, only fertilisers (5.8 per cent) and cement (1.3 per cent) sectors saw an acceleration in the output in December as compared to the preceding month.