India’s Core Sector Output Grows 4.3% in November – Equitypandit
India’s core sector output grew by 4.3% year-over-year in November, boosted by strong construction activity, as per government data.
India’s core sector output grew 4.3% in November, driven by strong construction activity.
Infrastructure output rose 3.7% in October, accounting for 40% of industrial production.
Cement production surged 13% in November, and steel output grew by 4.8%, slightly lower than October’s 5.2%.
Coal production increased by 7.5%, slightly lower than October’s 7.8%. Refinery product output grew by 2.9%, down from 5.2% in October.
Electricity generation improved by 3.8%, compared to 2% growth in October. Fertilizer production rose by 2%, up from 0.4% in October.
Crude oil production fell by 2.1%, but an improvement from October’s 4.8% drop. Natural gas output declined by 1.9%, slightly more than October’s 1.2%.
From April to November, infrastructure output grew by 4.2%, slower than the 8.7% growth in the same period last year.
The ICI tracks performance in eight core industries, which make up 40.27% of India’s industrial production.
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