India’s core sector output, which measures production by eight key industries, grew by 3.6 per cent in January, a 15-month low, as per a government data update. A lower growth of 0.7 per cent was recorded in October 2022.
The base effect combined with a single digit growth in five industries and a negative growth in two, slowed down production in the first month of this year. In January last year, the core sector had grown by 9.7 per cent.
Figures for December were revised upwards from 3.8 per cent to 4.9 per cent.
