Industrial revival? Core sector growth hits 13-month high of 6.8% in Nov

This will serve to be good news for the Modi govt after the Index of Industrial Production plunged to 2.2% in Oct

Output of the eight core sectors in the country rose 6.8 per cent in November, a 13-month high, as compared to the five per cent rise in October, indicating a possible revival in industrial production growth.

This was primarily led by a double-digit jump in cement and steel production, as well as a sustained rise in refinery products. Contributing 40 per cent to total industrial production, output in the core sector was supposed to have been poised to take off in October but held back by declines in the crude oil and cement sectors.

Data issued by the commerce and