Why in news Output levels in India’s core sectors slipped to a nine-month low in August, even as year-on-year growth slipped 1.8% , marki...
Why in news
Output levels in India’s core sectors slipped to a nine-month low in August, even as year-on-year growth slipped 1.8%, marking the first contraction in three and a half years
Why the Core sector output tanks
Six out of eight infrastructure sectors saw a year-on-year decline, with significant drops in coal (8.1%) and electricity (5%) production.
Steel production growth slowed to 4.5%, the lowest in 26 months, and cement production fell by 3%, the worst in nine months.
The decline is partly due to a high growth base from the previous year (13.4%), leading to weaker performance comparisons and suggesting a slowdown in construction activities.
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