Core sector for the month of October shrunk further to 5.8%, fiscal deficit exceeds full-year target

06:00:00 PM, Friday 29th of November 2019 | in business

From 5.2% in Sept the Core sector output has further shrunk to 5.8% in the month of Oct. The index was mainly contracted by electricity which has reported a de-growth of 12.4%. The index for 8 core industries comprises crude oil, natural gas, steel, cement, coal, electricity, fertilizer and refinery products is witnessing de-growth. While fiscal deficit for the period April-Oct was recorded at 102.4% crossing the full-year target.