Indian economic system information: India’s key infra sectors’ progress slows to 7.8% in Nov from 12.1% in Oct
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The expansion of eight key infrastructure sectors grew by 7.8 per cent year-on-year in November after registering a progress of 12.1 per cent a month earlier than, information from the Ministry of Commerce & Business confirmed on Friday.
The index of Eight Core Industries (ICI) had grown by 5.7 per cent in November 2022.
The manufacturing of coal, electrical energy, fertilizers, pure gasoline, refinery merchandise and metal recorded optimistic progress in November 2023, the ministry stated in its assertion.
In all, the index measures mixed and particular person efficiency of manufacturing of eight core industries particularly cement, coal, crude oil, electrical energy, fertilizers, pure gasoline, refinery merchandise and metal. These industries additionally kind 40.27 p.c of the burden of things included within the Index of Industrial Manufacturing (IIP)
