India’s core sectors post decline
The growth rate of
India's core industries fell from 5.7 percent in November 2004 to 3 percent in November 2005 due to the decline in crude oil and steel.
Crude oil
production fell sharply 8.6 percent in November. In addition, steel
production growth fell from 10.2 percent a year earlier to 5.3 percent in November.
On the other hand, only petroleum refining output posted a higher growth, increasing from 1 percent a year earlier to 1.3 percent last month.