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Core sectors' output shrinks 1.8% in Aug on heavy showers

By Economic Times - 2 months ago
The output of eight core infrastructure industries in August saw a decline of 1.8% after 42 months of growth, mainly due to heavy seasonal showers. This drop could limit the industrial production index to 1-1.5% in August. Steel and fertiliser saw minimal growth, while coal, crude oil, and other sectors experienced significant contraction.

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