Core sector growth slips to over one-year low of 1% in Feb
The growth of eight core sectors slipped to an over one-year low of 1% in February due to decline in output of crude oil, natural gas, refinery products, fertilisers, and cement. This suggested a slow industrial expansion and rising concerns over job losses. Notably, the core sectors, which contribute 38% to industrial output, grew 9.7% in February a year ago.