Core sector output growth slowed to a six-month low of 7.8% in Nov
The output of eight key infrastructure industries — known as the core sector — slowed to a six-month low of 7.8 per cent in November on the back of a high base and festival holidays.
The October Index of Industrial Production (11.7 per cent), along with the November core sector print, will be factored in the first Advance Estimates of gross domestic product (GDP) data for 2023-24, set to be released on January 5 — ahead of the Interim Budget for FY25 to be presented on February 1.
According to data released by the Ministry of Commerce and Industry on Friday, growth in the output of refinery products (12.4 per cent) accelerated in September vis-à-vis the preceding month, while output of crude oil (-0.4 per cent) and cement (-3.6 per cent) contracted.
