Core sector slips back into red, declines 2.5 per cent in October

The core sector slipped into the red again in the month of October declining 2.5 per cent in October raising concerns over the sustainability of recovery.

The core sector had shown signs of considerable sequential improvement declining by just 0.1 per cent in September.

This improvement also reflected in the IIP numbers for the month of September as the index showed expansion.

Core sector output comprises 40.27 per cent of the total IIP index.

The GDP for the second quarter is expected to show that the economy has come off the trough amid recovery being driven by pent up demand and festive push.