India’s core sector growth came in at 6.7% y/y in November 2014. Of the eight core industries included in the Index of Industrial Production, five demonstrated y/y improvements. Cement production was up by 11.3% y/y, while coal output grew by 14.5% y/y. Electricity generation and steel production increased by approximately 10.2% and 1.3%, respectively. Finally, refinery products recorded growth of 8.1% y/y in November 2014.
In contrast, fertilizer production fell by 2.8% y/y, while crude oil and natural gas production contracted by 0.1% and 2.9% y/y, respectively.
Edited from various sources by Louise Fordham
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