The growth of eight core industries contracted by 1.5% in November due to a fall in coal, crude oil and natural gas production, government data released on Tuesday showed.
The output of eight core sector industries — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — had grown 3.3% in November last year.
The core sector for October had contracted to 5.8% from the 5.1% contraction seen in September.
The eight core industries comprise 40.27% of the weight of items included in the index of industrial production (IIP).
“The combined index of eight core industries stood at 126.3 in November which declined by 1.5% as compared to the index of November 2018. Its cumulative growth during April to November was zero %,” according to an official statement.
While crude oil output growth was minus 6% over November last year, coal output growth stood at minus 2.5% year-on-year.
Natural gas production declined by 6.4%, steel production by 3.7% and electricity generation by 5.7%.
(With ANI Inputs)