Core Sector News Today

The output of the eight core sectors, which includes coal, crude oil, steel, cement, electricity, fertilisers, refinery products, and natural gas, had grown by 4.2 percent in March 2023.

Indias eight core sectors saw an annual growth rate of 5.2% in March, with production in cement, coal, electricity, natural gas, steel, and crude oil showing positive growth.

India Business News: NEW DELHI: Growth in the country’s core sector slowed in March as six of the eight sectors remained sluggish and two of them, refinery products and fe.

The month-on-month growth data tell a completely different story--the core sector shrank in February from a month ago by a sizeable 4.9 percent

The growth in Indias eight key infrastructure industries was a revised 4.1 percent in January.

Coal saw a growth of 10.6 per cent while natural gas rose 6.6 per cent in December. Refinery products saw an increase of 2.6 per cent in December, down from 12.4 per cent growth witnessed in November.

In December, Indias core sectors recorded a 3.8% YoY growth, down from 7.9% in November, according to government data. The Index of Coal Industry (ICI), measuring performance in eight key sectors, showed growth in all but crude oil, which declined by 1%. The coal sector led with a 10.6% increase, while natural gas rose by 6.6%. The Eight Core Industries constitute 40.27% of the Index of Industrial Production.

The slow growth in eight core industries—coal, natural gas, petroleum refining, crude, electricity, cement, and steel—is likely to reflect in industrial output as well. The eight core industries account for 40% of the index of industrial production.

Fiscal deficit under control, GST collections robust, core sector subdued

While crude oil and cement reported a decline in output, coal, fertiliser, steel and electricity saw a decrease in their growth rates