New Delhi: Key to the country infrastructure sector Coal continues to remain strong in November, led by coal refinery products and steel segment, but slowed compared to last month’s double-digit growth.
The data released by the Ministry of Commerce and Industry on Friday shows eight key sectors. loose coal, crude oil, natural gasrefinery products, fertilizersSteel, cement and electricity expanded 7.8% in November, slower than 12% in October but higher than the 5.7% expansion recorded in November last year. For the April to November period, the core sector grew 8.6%, up from 8.1%. In the same period earlier in the year.
As expected, core sector growth slowed to a six-month low of 7.8% in November 2023 due to the delayed start of the festive season, down from 12% in October 2023, with only petroleum refinery products registering a year-on-year rise. Was seen. Aditi Nair, chief economist at rating agency ICRA, said, “The annual growth between these two months…”
Data released separately by Controller General of Accounts (CGA) showed the fiscal deficit at the end of November stood at Rs 9.1 lakh crore or 50.7% of the full-year budget estimate for 2023-24, down from 58.9% last year.
The data released by the Ministry of Commerce and Industry on Friday shows eight key sectors. loose coal, crude oil, natural gasrefinery products, fertilizersSteel, cement and electricity expanded 7.8% in November, slower than 12% in October but higher than the 5.7% expansion recorded in November last year. For the April to November period, the core sector grew 8.6%, up from 8.1%. In the same period earlier in the year.
As expected, core sector growth slowed to a six-month low of 7.8% in November 2023 due to the delayed start of the festive season, down from 12% in October 2023, with only petroleum refinery products registering a year-on-year rise. Was seen. Aditi Nair, chief economist at rating agency ICRA, said, “The annual growth between these two months…”
Data released separately by Controller General of Accounts (CGA) showed the fiscal deficit at the end of November stood at Rs 9.1 lakh crore or 50.7% of the full-year budget estimate for 2023-24, down from 58.9% last year.
