Core Sector Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The eight core industries – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity – make up around 40 percent of the IIP

The core sector comprising coal, crude oil, steel, cement, electricity, fertilisers, refinery products and natural gas, had grown 7.4% in February 2023. Except fertiliser, the output of all other industries rose in February, according to data released by the commerce and industry ministry.

In January 2024, India's eight core sectors experienced a 15-month low growth of 3.6%, compared to 4.9% in December 2023 and 9.7% in January 2023. Positive growth was observed in coal, steel, cement, natural gas, electricity, and crude oil production. However, steel and electricity sectors showed a decline in growth rates.

Traders will be eyeing India's fiscal deficit data, which is slated to be released on February 29. On the same day, Gross Domestic Product (GDP) data and core sector data are going to be released.

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.