Growth in India's core sectors rose to 5.3% in November from 3.5% in October, mainly because of excellent performance of cement and steel sectors.Comparing this 5.3 % with November 2008, which was only 0.8%, this is a strong indication of the rise in industrial growth. The core sector contributes 26 % of our overall industrial growth and includes sectors like coal, steel, electricity and crude oil.There is a marked increase in demand that is being witnessed across all sectors and this is certainly good news for the market as all the slow moving sectors coud also move up in the fast track. |