Steel production in India grew at the fastest pace in six months at 10.8%. Image for reference only | Photo credit: Kamal Narang
Output growth in India’s eight major sectors rebounded to 5.4% in November after a revised estimate of a 0.9% rise in October, although overall output levels in November 2022 remained the same as in October.
Cement production rebounded strongly from a 4.3% contraction in October to jump 28.6% in November, while coal and power generation levels accelerated to rise 12.3% and 12.1%, respectively.
Steel production rose at the fastest pace in six months at 10.8%, but production levels were 2.35% lower than in October 2022. Fertilizer production increased by 6, 4%.
Crude oil production contracted for the sixth consecutive month, falling 1.1% in November, while natural gas production fell 0.7%, the fifth consecutive month of contraction.