Core Sector growth at 5%, likely to grow in future: Sameer Narang, BoB
  • WebDesk BTVI
  • May 02 2019

Sameer Narang, Chief Economist at Bank of Baroda, says the growth in the core sector data for March has been driven by coal, cement and steel production. He adds that some of the segments in the sector will continue to grow given the high budget allocation, with an exception for construction activity. On GST collection touching the Rs 1 lakh crore mark for second time, Narang says it is because the successive rate cuts and is likely to be stable going forward.