 "Core sector output worst in 52 months; MPC may cut rates to prop up growth")
The output of eight core sectors rose by 7.5 per cent in October on healthy performance by coal, natural gas, refinery products and cement segments, official data released on Tuesday showed.
The production of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 0.5 per cent in October 2020, according to the data released by the commerce and industry ministry.
Core sectors' growth stood at 4.5 per cent in September this year.
The eight core industries comprise 40.27 per cent of the weight of items included in the Index of
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
