India’s Core Sector Growth Slumps to 14-Month Low at 3.8% in December 2023
India’s core sector output growth plummeted to a 14-month low of 3.8% YoY in December, as reported by the Ministry of Commerce and Industry. This sharp decline from the previous month’s 7.9% was attributed to a high base and a slowdown in six constituent sectors. Notably, only fertilizers (5.8%) and cement (1.3%) sectors saw an …
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