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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.