Page 2 - Core Sector News Today

In November, Indias eight key infrastructure sectors witnessed a year-on-year growth of 7.8%, down from the previous months 12.1%, according to the Ministry of Commerce & Industry. The Eight Core Industries (ICI) index had grown by 5.7% in November 2022. Positive growth was observed in coal, electricity, fertilizers, natural gas, refinery products, and steel.

India's fiscal deficit for the first eight months of the financial year, which started April 1, was Rs 9.07 lakh crore

For April-November, the output of Indias eight core industries was 8.6 percent higher year-on-year as against a growth of 8.1 percent in the first eight months of 2022-23.

The final growth rate of Index of Eight Core Industries for June 2023 is revised to 8.4 per cent. 

The growth in India's infrastructure sector slowed to a four-month low in September, but remained strong overall. The core sector, which includes coal

The production of all eight core industries -- cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel -- recorded positive growth in August over the corresponding month of last year, according to the Ministry of Commerce and Industry, , core sector, core sector growth

Economists say that the strength in the index of eight core industries, which constitutes 40% of the index of industrial production, is likely to translate into stellar IIP growth in August.

However, the core sector growth was lower in July compared with the previous month when it was 8.3 per cent, commerce and industry ministry data showed. The output growth of the eight sectors was also lower at 6.4 per cent in April-July 2023-24 against 11.5 per cent in the year-ago period

India Business News: The output from infrastructure, encompassing eight sectors including coal and electricity, constitutes nearly 40% of the total industrial output. Duri

While the continuation of government capex (both centre and states) in July led to a strong performance in steel and cement sectors, economists noted that the growth in cement and electricity sector, despite seasonal rains, indicated a progression of economic activity.