Core sector output falls 5.2% in September

News:The output of eight core infrastructure industries has decreased by 5.2% in September,2019 indicating the severity of the economic slowdown. Facts: All sectors in the core index with the exception of fertilisers has seen a contraction in September,2019. The experts have blamed consumption slowdown, heavy rainfall and flooding in several states as the prime reasons… Continue reading Core sector output falls 5.2% in September

IIP dips to 3.1% in May on slowdown

India’s Index of industrial production(IIP) has slowed down to 3.1% in May,2019.The IIP was 4.3% in April,2019. This decline has happened due to slowdown in manufacturing and mining sector. However,IIP growth remained stable due to improvement in the growth of electricity generation and fast moving consumer goods sector. IIP measures industrial output growth.The IIP is… Continue reading IIP dips to 3.1% in May on slowdown

Core sector growth at a 5 month high in March

According to the Government data,India’s growth in eight core industries has reached a five-month high of 4.7% in March,2019.It has improved due to a broad-based recovery in sectors such as cement,refinery products, steel and coal. Core industry can be defined as the main industry which has a multiplier effect on the economy.The Eight Core Industries… Continue reading Core sector growth at a 5 month high in March

Core sector growth quickens in February

According to the Government data,India’s eight core industries grew by 2.1% in February 2019.It is due to fall in output of crude oil and refinery products. The eight core sectors which include (a)coal, (b)crude oil (c)natural gas (d)refinery products (e)fertilizers (f)steel (g)cement and (h)electricity had recorded a growth of 5.4% in February 2018. The data… Continue reading Core sector growth quickens in February