Rama Krishna Sangem
The output of eight key infrastructure sectors slowed down to 4.3 per cent in November 2024 against 7.9 per cent growth registered a year ago, according to official data released on December 31 Tuesday. On a monthly basis, the production growth of these sectors was higher than the 3.7 per cent expansion recorded in October 2024. In November, production of crude oil and natural gas contracted.
The production growth of coal, refinery products, fertiliser, steel, and electricity moderated to 7.5 per cent, 2.9 per cent, 2 per cent, 4.8 per cent, and 3.8 per cent, respectively, against 10.9 per cent, 12.4 per cent, 3.3 per cent, 9.7 per cent and 5.8 per cent in November last year, says a Business Standard story.
However, cement output rose to 13 per cent in the month under review. The growth of core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 4.2 per cent during April-November this fiscal. It was 8.7 per cent in the same period last fiscal.
The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP), which measures overall industrial growth.
What will impact stock market in 2025?
Stock market triggers 2025, stock market outlook for 2025:India stock markets saw a topsy turvy 2024, where a string of events caused bouts of volatility, especially in the second half of the calendar year.
From the Lok Sabha elections of 2024 to Donald Trump’s victory in the US, from simmering tensions between Iran and Israel to foreign investors’ mammoth selling of Indian equities, the stock markets saw it all this outgoing year.
Going ahead, analysts believe domestic equity markets may continue to witness market consolidation, at least in the first half of 2025, on the back of various domestic and global economic events.
“We expect the stock markets in 2025 to grow at a steady yet measured pace, in line with corporate earnings. While it may not be a runaway rally, there are enough positives to stay optimistic about the year ahead,” said Vikram Kasat, head of advisory at PL Capital- Prabhudas Lilladher.
