Core sector growth hits 13-month high

India's infrastructure sector output growth rose to a 13-month high in November on the back of robust performance by the steel and cement sectors, which should augur well for overall industrial growth.

Annual growth rate in the core sector —spanning coal, cement, steel, fertiliser, electricity, refinery products, natural gas and crude oil — hit 6.8% in November, faster than the previous month’s 5% and higher than the 3.2% recorded in November 2016. Cumulative growth during April to November was 3.9%. The core sector accounts for 40.3% of the Index of Industrial Production and is a pointer to the performance of the sector, data for which will be released later in the month.

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