The core sector output declined for the ninth consecutive month.
The apprehension about the economic recovery fizzling out after October may not be totally unfounded, with the output of the eight-industry core sector dropping by 2.6 per cent in November, as against the contraction of 0.1 per cent in September and 0.9 per cent in October.
This may have repercussions for the Index of Industrial Production (IIP), even as some economists believe that consumer goods might offset it a bit. The core sector accounts for 40.27 per cent of the IIP.
"IIP growth can be in the range of 0-1 per cent as consumer goods are likely to remain upbeat
First Published: Dec 31 2020 | 6:33 PM IST