Industrial Output Grew In October Despite Contraction In Eight Core Sectors Industrial Output Grew In October Despite Contraction In Eight Core Sectors The industrial output grew despite the contraction in eight core sectors by 2.5 per cent in October 2020, which has nearly 40 per cent weightage in the index of industrial production Output grew despite the contraction in eight core sectors by 2.5 per cent The industrial production based on the index of industrial production (IIP) recovered to an eight-month high and grew by 3.6 per cent year-on-year (YoY) as against a contraction by 6.6 per cent in the corresponding month last year and a 0.2 per cent growth in September 2020. According to a recent report by CARE Ratings, the industrial output grew despite the contraction in eight core sectors by 2.5 per cent in October 2020, which almost has a 40 per cent weightage in the index of industrial production. The growth during the month was supported by a favorable base effect which resulted in significant growth registered by the electricity and manufacturing sectors. (