17-month low! Industrial growth falls - Here is why it happened
The growth for October 2018 was revised upwards to 8.4 per cent from 8.1 per cent. During the April-November period, industrial output grew 5 per cent as compared to 3.2 per cent in the same period of the previous fiscal. The manufacturing sector, which constitutes 77.63 per cent of the index, recorded a contraction of 0.4 per cent in November as against a growth of 10.4 per cent a year ago.
In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth during November 2018. Pixabay