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core sector output, which is measured by tracking the performance of eight major industries including cement, steel, and crude oil, contracted by a sharp 5.2% in September.
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Hopes of a quick turnaround in the economy have turned out to be quite premature in light of the latest set of economic data released on Friday. The Commerce and Industry Ministry reported that <span>core sector output, which is measured by tracking the performance of eight major industries including cement, steel, and crude oil, contracted by a sharp 5.2% in September. This is its worst fall in 14 years. Seven out of the eight core industries witnessed a contraction, with the coal sector being the worst hit, shrinking by over 20%. The latest figures a


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