India's Eight Core Sectors Grow By 2% In September After Contracting In August
In August, the core sector output had declined for the first time in 42 months, as it had contracted by 1.6%.
India's eight core sectors saw a modest growth in September, led by refinery and cement.
The combined index of eight core industries grew by 2% in September, according to data released by the Ministry of Commerce & Industry on Wednesday. This compares to the a contraction of 1.6% in August, which had marked the first decline in 42 months.
Eight Core Sectors' Growth (YoY)
Coal output rose 2.6% in September versus a fall of 8.1% in August.
Crude oil output fell 3.9% against a decline of 3.4% in the preceding month.
Natural gas output fell 1.3% after a fall of 3.6% previously.
Petroleum refinery output rose 5.8% after falling by 1% in the previous month.
Fertiliser production rose 1.9% versus a rise of 3.2% in the preceding month.
Steel output rose 1.5% after a rise of 3.9% in August.
Cement output 7.1% after a decline of 3% in the previous month.
Electricity output dropped 0.5% after a fall of 3.7% in the previous month.
