The impact of the downturn on the economy, the core sector growth slowed in November

New Delhi, December 31, 2019 Tuesday

November has also been a disappointment for India, facing an economic downturn, with the output of eight basic sector industries in the country falling to 1.5.

This is the fourth consecutive month, which is showing a severe picture of the economic downturn, when the figures are showing a decline.

The growth rate for the eight core sectors increased by 3.5 per cent in November last year, according to government data.

The decline is due to a decline in the production of coal, crude oil, steel, electricity, and natural gas. Eight basic sectors such as coal, crude oil, natural gas, refinery production, fertilizers, steel, cement, and electricity are included.

Cement production fell to 4.1 per cent in November, from 8.8 per cent in November. Refinery production and fertilizer production increased by 3.1 and 13.6, respectively.

The core sector's speed dropped to 5.8 in October and 5.2 in September. Crude oil production declined by 6 percent in November.

Coal production declined by 2.5 per cent in November, down from 5.1 per cent in October, down from 17.6 per cent in October. The core sector growth rate has been falling since August.