 "India's core sector growth down to 19-month low of 1.8% in January")
After slowing for the previous four months, contraction in core sector output again worsened in August.
Output declined by 8.5 per cent, following July’s 8 per cent fall as an acute demand slump and the continuing liquidity crisis affected most industries.
The pace of contraction had reduced since April, when output had fallen by a record 38 per cent. However, updated figures released by the commerce and industry ministry on Wednesday showed seven of the eight industries in the core sector continued to contract in August. It is the sixth straight month this has happened.
The biggest
Output declined by 8.5 per cent, following July’s 8 per cent fall as an acute demand slump and the continuing liquidity crisis affected most industries.
The pace of contraction had reduced since April, when output had fallen by a record 38 per cent. However, updated figures released by the commerce and industry ministry on Wednesday showed seven of the eight industries in the core sector continued to contract in August. It is the sixth straight month this has happened.
The biggest
