Slowdown blues: India's core sector output contracts 1.5% in November

Cumulative growth have been nil in FY20 due to contractions in previous months

The output of eight core sectors of the economy fell for a third straight month in November, contracting by 1.5 per cent as key sectors like refinery products and electricity continued to see slow growth or contraction.
 
Output had crashed by a record 5.8 per cent and 5.2 per cent over the preceding two months as a broad-based decline gripped most sectors. As a result, the core sectors saw nil cumulative growth till November in the current fiscal year (FY20), down from 5.1 per cent in the previous year.
 
Economists warned that the latest figures indicated that the