Core sector output at 13-month low

Infrastructure sector output growth slowed to a 13-month low in February, dragged down by contraction in five of the eight segments, posing fresh worries for policymakers trying to step up expansion.

The eight core sectors rose 1% in February, slower than the 3.4% in January and below 9.4% expansion recorded in February 2016. Growth in April to February, 2016-17 was 4.4 %, higher than the 3.5% growth posted during the same period last year.

Meanwhile, total external debt of the country declined to $456 billion at the end of December from March-end 2016. “India's external debt stock fell by $29 billion (6%) at December-end 2016 over the level at March-end 2016,“ an official statement said.

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