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India’s Core Sector Growth Hits 13-Month High In November

Core sectors grow to a 14-month high to 6.8% in November.

Emissions rise from an oil refinery in Texas City, TX, United States. (Photographer: Luke Sharrett/Bloomberg)
Emissions rise from an oil refinery in Texas City, TX, United States. (Photographer: Luke Sharrett/Bloomberg)

India’s eight core industries grew 6.8 percent in November from the year-ago period, led by improved performance in refinery products and steel segments. This is the maximum that the core industries have grown in more than a year.

The eight infrastructure sectors-coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity grew 3.9 percent during the April-November period this year, according to a press information bureau release.

The combined index of eight core industries stood at 123.9 in November.

  • Coal production declined 0.2 percent, while natural gas and refinery products' production rose by 2.4 percent and 8.2 percent respectively on annual basis.
  • Crude oil output registered a growth of 0.2 percent during the month.
  • Growth rate of steel and cement production picked up pace at 16.6 percent and 17.3 percent respectively as against the same month last year.
  • Electricity generation grew 1.9 percent.
  • Fertiliser output recorded a flat growth at 0.3 percent during the month.