Key Points
India's core sector expanded 3.6% in January, its slowest pace in 15 months, weighed down by a high base and mixed performance across sectors, according to government data released on Thursday...
"Core sector output slowed to a 15-month low of 3.6% in January owing to a slightly unfavourable base..
This also follows an upwardly revised 4.9% growth in the previous month," said Rajani Sinha, chief economist, CareEdge...
The slow growth in the eight core industries - cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products and steel - is likely to be reflected in industrial output as well..
We do not expect any resurgence in consumer goods production this month and hence (growth) will be muted," said Madan Sabnavis, chief economist, Bank of Baroda...
