The core sector witnessed its worst performance in over four years for the month August 2019 since it declined by 0.5%.
The combined Index of Eight Core Industries stood at 128.2 in August, 2019, which declined by 0.5% as compared to the index of August, 2018 when it had expanded by 4.7%, according to official data. The last time the core sector declined by such a margin was way back in April 2015 when it had contracted by 0.56%.
Its cumulative growth during April to August, 2019-20 was 2.4%, while it had grown by 5.7% in the corresponding period last year.
The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
