Core Sector Update - High Growth Numbers Must Be Read With Caution: CARE Ratings
Cooling water pours onto a red hot steel slab in the slab casting shop at a factory in Haryana, India. (Photographer: Udit Kulshrestha/Bloomberg)

Core Sector Update - High Growth Numbers Must Be Read With Caution: CARE Ratings


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The Eight core sector output rose to 32-months high of 6.8% in March 2021 chiefly on account of a negative base of 8.5% in the corresponding month of the previous year.

Therefore, one needs to read the core sector growth number with caution.

The pick-up observed in March 2021 has been on account of significant double-digit growths witnessed in steel, cement, electricity and natural gas, where the production activity had seen a sharp decline in March 2020 on the back of the imposition of the nation-wide lockdown.

The contraction witnessed in the month of February 2021 has been revised upwards to down 3.8% as against the previous estimate of 4.6%.

Click on the attachment to read the full report:

CARE Ratings Core Sector March 2021.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.