Stay updated with breaking news from Core Sector. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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, India's 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