India’s eight core sectors’ output growth increased to 2 per cent in September, showed government data. The growth declined to 1.8 per cent in August.
“The production of Cement, Refinery Products, Coal, Fertilizers and Steel recorded positive growth in September 2024,” said Ministry of Commerce and Industry in its press release.
The coal sector increased by 2.6 per cent in September, 2024 over September, 2023. Likewise, the crude oil sector witnessed a fall of 3.9 per cent against when compared to same month of last year.
The ICI measures the combined and individual performance of production of eight core industries viz. Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
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