Core sector growth rises to 3.7% in Dec

After contracting for two months, electricity sector grows by 5.3%

- FE BUREAU

THE INFRASTRUCTURE SECTOR expanded by 3.7% year-on-year in December, largely driven by the growth in the electricity sector.

The sector grew by 5.3% during the month after recording back-to-back contraction in October and November.

Overall, five of the eight components of the Index of Eight Core Industries (ICI) recorded positive growth in December. The core sectors had grown just 2.1% in November.