New Delhi Jan 31 (IANS) The pace of India s eight major industries output slowed in December to 4 per cent from an increase of 7.4 per cent in November 2017 official data showed on Wednesday.
However on a year-on-year (YoY) basis the Eight Core Industries (ECI) which represents the output of major sectors like coal steel cement and electricity showed an uptrend. It had risen by 5.6 per cent in the corresponding month of the previous fiscal.
"The combined Index of ECI stands at 129.1 in December 2017 which was 4 per cent higher as compared to the index of December 2016 " the Ministry of Commerce & Industry said.
"Its cumulative growth during April to December 2017-18 was 4 per cent."
The ECI index carries 40.27 per cent weightage of the Index of Industrial Production (IIP) which is the macro-gauge for India s factory output.
--IANS
rv/vm
