 "Core sector output worst in 52 months; MPC may cut rates to prop up growth")
The output of eight core infrastructure sectors grew 3.3 per cent in August -- the lowest in nine months -- as against 12.2 per cent in the year-ago period, according to official data released on Friday.
The previous low was in November 2021 at 3.2 per cent. It stood at 4.5 per cent in July.
The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 9.8 per cent during April-August this fiscal, compared to 19.4 per cent a year ago.
Crude oil and natural gas production contracted by 3.3 per cent
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