Transfin.
HomeNewsGuidesReadsPodcastsVideosTech
  1. News
  2. Explained

India's Core Sector Contracts 1.5% in November

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 3, 2020 5:10 AM 1 min read
Editorial

India's core sector contracts 1.5% in November. 

 

INDUSTRY

India's core sector contracts 1.5% in November.

No Escape: The output of eight core infrastructure industries in India contracted for the fourth consecutive month in November by 1.5%, as per official data released on Tuesday. The eight core industries have been recording negative growth since August. 

 

The output of coal, crude oil, natural gas, steel, and electricity declined by 2.5%, 6%, 6.4%, 3.7% and 5.7% respectively, according to the data. Meanwhile, cement production bounced back to 4.1% growth, recovering from monsoon-related disruptions, while the output of refinery products and fertilizers increased by 3.1% and 13.6% respectively during the period. The Hindu

Maruti Suzuki records rise in domestic sales by 2.4% in December.

Stepping Stones: India's largest carmaker Maruti Suzuki on Wednesday reported a rise of 2.4% in domestic sales in the month of December.

 

In a regulatory filing, Maruti said it sold 124,375 vehicles in the domestic market in December as compared to 121,479 vehicles sold in 2018 during the same month.

 

After including exports and sales to other original equipment manufacturer (OEM), the carmaker clocked a 3.9% rise in sales to 133,296 vehicles. ET Auto 

FIN.

Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.