India's Core Industries Growth Slows to 1.8% in November: What it Means for Economy

• India's 8 core industries saw growth slow to 1.8% in November, down from 5.8% last year, primarily due to declines in crude oil, natural gas, refinery products, and electricity.
• The 8 core industries – coal, crude oil, natural gas, petroleum refinery products, electricity, fertilizers, cement, and steel – are foundational to the economy, contributing over 60% to the industrial production index.
• These sectors are crucial for providing raw materials, energy, and basic resources, impacting infrastructure, agriculture, manufacturing, and employment.
• Core industries contribute approximately 40% to the country's GDP and are vital for job creation and overall economic growth.
• A slowdown in these sectors can lead to reduced investment, increased unemployment, rising raw material prices, and inflation, ultimately affecting consumers.

Why It Matters: Slowdown in core industries signals economic challenges, impacting GDP, employment, and inflation.