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Core sector growth shoots up to 14-month high in August

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Core sector growth shoots up to 14-month high in August

The expansion in August is the highest since June 2022, when it was 13.2 per cent. In July, the number stood at 8.4 per cent.

“The production of all Eight Core Industries (namely, Cement, Coal, Crude Oil, Electricity, Fertilisers, Natural Gas, Refinery Products, and Steel) recorded a positive growth in August 2023 over the corresponding month of last year,” a Commerce Ministry statement said.

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

–Ajit Weekly News

pannu/vd


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