In August, the output of the core sector had contracted (-1.6 per cent) for the first time in 42 months
The country's output from eight core sectors rose four per cent in December, slowing from the much larger growth of 7.4 per cent in November.Released a day before the government is set to announce the national budget, this dip in core sector growth rates have raised questions over a broad-based revival in industrial demand that seemed to have been heralded by the November figures.However, economists also said a favourable base effect related to the temporary slowing in activity last year after demonetisation was likely to boost volume growth in a variety of sectors in the remainder (till March 31) of 2017-18.Contributing 40 per cent to total industrial production, output in the core sectors saw sustained rise in cement production and healthy growth in refinery products, pushing the figures into positive territory. Data issued by the commerce and industry ministry on Wednesday showed the eight segments - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and ...
It was 7.4% in November; performance of coal and crude oil most negative