New Delhi, Oct 31 (IANS) The output rate of India’s eight major industries contracted by over 5 per cent in September.
According to the Index of Eight Core Industries, September’s contraction came after a marginal growth of 0.1 per cent registered in August.
The contrast in output pace was even more evident on a year-on-year basis, when the growth rate stood at 4.3 per cent in September 2018.
The eight core industries include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
According to the Index of Eight Core Industries, barring fertilisers, all the other seven sectors contracted in September.
The core sectors comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
–IANS
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