Core sector growth eases to a six-month low of 7.8% in November
The core sector output in India reached a six-month low of 7.8% in November, compared to 12% in October, due to a delayed festival season and a high base effect. The core sector growth averaged 9.9% in the two months, indicating continued infrastructure momentum in the third quarter. The Index of Eight Core Industries measures the output of key infrastructure industries, including coal, natural gas, petroleum refining, crude, electricity, cement, and steel.
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