Stay updated with breaking news from Core Sector Data. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
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.
The output of India's eight core sectors grew by 8 per cent in July after hitting a five-month high of 8.3 per cent in June. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
The output of India's eight core sectors grew 8.2 per cent in June on an annual basis, as against 5 per cent in May, a government press release stated on Monday. The cumulative growth rate of ICI during the quarter April to June in the ongoing financial year reported 5.8 per cent (provisional) as compared to the corresponding period of last year
The production of eight key sectors rose by 5.7 percent in November 2022.