economy

Indias October core sector growth at 7.5%

Indias October core sector growth at 7.5%

The output of eight core sectors rose 7.5% in October on account of healthy performance by segments like coal, natural gas, refinery products and cement, the official data released by the Ministry of Commerce & Industry showed today. The production of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 0.5% in October last year, as per the data released by the commerce and industry ministry. Core sectors growth stood at 4.5% in September, 2021. The eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). During April-October this financial year, the sectors output rose by 15.1% as compared to a contraction of 12.6% in the same period of the previous year. Download.

economy 2021-11-30 Livemint