India’s Core Sector Growth Sees Rebound, Expands 7.9% in September 2022 Against 5.4% Last Year
The eight core industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production.
The output growth of eight infrastructure sectors stands at 9.6 per cent during April-September this fiscal
India’s production of eight infrastructure sectors expanded by 7.9 per cent in September against 5.4 per cent in the year-ago same month, supported by output in coal, fertiliser, cement and electricity segments, according to the latest official data.
In August, the core sectors’ output growth stood at 4.1 per cent, which was the lowest in nine months. The eight core sectors are coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity.
The output growth of eight infrastructure sectors stood at 9.6 per cent during April-September this fiscal, compared with 16.9 per cent a year ago.
The eight core industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). “Final growth rate of Index of eight core industries for June 2022 is revised to 13.1 per cent from its provisional level 12.7 per cent. The cumulative growth rate of ICI during April-September 2022-23 was 9.6 per cent (P) as compared to the corresponding period of last year,” according to an official statement.
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