New Delhi: The growth rate of eight core sector industries rose to five-month high of 6.7 percent in November on the back of better output in coal, refinery products, electricity and cement.
The eight core sector industries -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- grew by 3.2 percent in November last year.
The growth rate was 6.3 percent in October this year. The earlier high was in June when the sectors grew by 7.3 percent.
The core sector contributes 38 per cent in the overall industrial production, a parameter that RBI takes into account while framing its monetary policy.
Coal, refinery products, electricity and cement production registered a growth of 14.5 percent, 8.1 percent, 10.2 percent and 11.3 percent, respectively in November, as per the data released by the Commerce and Industry Ministry.
Steel output during the month under review declined to 1.3 percent from 10.1 per cent in the same month last year.
However, crude oil, natural gas and fertiliser were in the negative zone.
During April-November, the eight sectors grew by 4.6 percent as against 4.1 percent in the same period last year.
