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In November, India's eight key infrastructure sectors witnessed a year-on-year growth of 7.8%, down from the previous month's 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 India's 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