Core sector growth eases to 5.2% in March
India's core sector growth slowed to 5.2% in March 2024, impacted by various industries. The Index of Industrial Production (IIP) is likely to see a moderate growth of 3.5-5% in the same month. The slow growth in eight core industries — cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products and steel — which have a 40% weight in the Index of Industrial Production (IIP), is likely to lead to slower industrial growth as well.
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