Core sectors' growth falls 3.1 per cent in December

India’s core industries that include electricity, coal, cement, steel and crude oil, registered a slower 3.1 per cent growth in December as compared to 6.8 per cent in the previous month and 6.3 per cent in the corresponding month of last year, official data showed on Monday.

Cumulative growth of eight core industries, which has 37.9 per cent weightage in the Index of Industrial Production (IIP), was 4.4 per cent in April-December period as compared to 5.7 per cent during the corresponding period of previous year, according to data released by the ministry of commerce and industry here.

The slower growth in core industries dampens hopes of a significant rebound in factory production in December. Core industries have led to a significant turnaround in factory output in November. These industries had registered a growth of 6.8 percent in November, leading to a 5.9 percent growth in overall factory output.

The factory output, measured in terms of the Index of Industrial Production (IIP), had increased by 5.9 percent in November as against the 5.1 percent contraction in the previous month.

Core industries had registered a growth of just 0.3 percent in October, leading to a contraction in overall factory output.  

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