Growth lags in 8 core industries

Growth in eight core industries slowed to18 months low of 2.6% in December, indicating that industrial production continues to remain subdued on account of weak demand and less than encouraging recovery in infrastructure sectors and a stable recovery would take more time to fructify.

The lower December growth comes after a relatively better growth of 3.4 per cent in November and a high of 7.8% recorded in June this year. But the production from infrastructure industry had maintained its slide since June this year with October being the only aberration when growth recovered moderately to 4.8%.

The decline in growth in eight core sectors in December was largely due to fall in output of crude oil, refinery products and fertilisers, data released by the ministry of commerce and industry showed on Thursday.