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2 January 2018
 |
Major Indices (The Total
Investment & Insurance Solutions)
The
output of India's eight major industries rose in November, official data showed
on Monday. The
Total Investment & Insurance Solutions
On
a sequential basis, the "Index of Eight Core Industries" (ECI) for
November grew by 6.8 per cent from 5 per cent reported for October.
Similarly,
on a year-on-year (YoY) basis, the ECI which represents the output of major
sectors like coal, steel, cement and electricity showed an uptrend. It had only
risen by 3.2 per cent in the corresponding month of the previous year.
According
to the data furnished by the Ministry of Commerce & Industry, the
cumulative growth of the combined ECI during April to November 2017-18 was 3.9
per cent from a rise of 5.3 per cent during the same period of the last fiscal.
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. The Total Investment & Insurance Solutions
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