India’s core sector growth drops to 3.3% in August

by: Sayantani Chakraborty

India’s core sector growth drops to 3.3% in August

India’s core sector growth drops to 3.3% in August

by: Sayantani Chakraborty

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TW Newsdesk, October 1: The output of 8 core infrastructure sectors grew 3.3% in August — the lowest in nine months — as against 12.2% in the year-ago period, according to official data released on Friday, September 30.

The previous low was recorded in November 2021 at 3.2 per cent. Reportedly, it stood at 4.5 per cent in July.

Commenting on the data, ICRA Ltd Chief Economist Aditi Nayar stated that a normalising base and weak demand for electricity and construction activity during the heavy rains appear to have dampened the core sector growth in August 2022

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