Core sector growth slows to 3.5% in Oct

 
“I would have expected the overall growth to be a little higher,” Prime Minister’s Economic Advisory Council Chairman C Rangarajan said here. Crude oil production declined by 2.2 per cent at 2.85 MT from 2.91 MT a year ago.  Core industry grew by just 3.5 per cent in October despite low base of two per cent last year. It was in October last year that the impact of deepening financial crisis was felt on the domestic industry.

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