Core sector growth back in black, cement leads
Thursday, 31 October 2024 ()
Growth in India's core sector rebounded in September with significant contributions from cement and electricity. The sector grew by 2%, recovering from August's 1.6% contraction. Cement production hit a six-month high. Data also indicated a narrowed fiscal deficit supported by robust tax revenues and RBI’s dividend payment.
Growth in India's core sector rebounded in September with significant contributions from cement and electricity. The sector grew by 2%, recovering from August's 1.6% contraction. Cement production hit a six-month high. Data also indicated a narrowed fiscal deficit supported by robust tax revenues and RBI’s dividend payment.
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