Core sector output rises 3.1% in October, robust growth led by coal production

India's eight core sectors' output grew by 3.1% in October, compared to a 2% rise in September, according to government data released on Friday. The Ministry of Commerce and Industry reported that Coal, Refinery Products, Steel, Cement, Electricity, and Fertilisers experienced positive growth.

Coal production increased by 7.8%, while crude oil and natural gas production saw declines of 4.8% and 1.2%, respectively.

Petroleum Refinery production, which holds a 28.04% weight in the index, rose by 5.2%, and its cumulative index saw a 2.7% increase from April to October 2024.

Fertilizer production grew by 0.4%. Steel production rose by 4.2%, while cement production saw a 3.3% increase. Electricity generation, making up 19.85% of the total, grew by 0.6% in October. These sectors together account for 40.27% of the weight of the items in the Index of Industrial Production (IIP).

 

Join PSU Connect on WhatsApp now for quick updates! click here

Read Also : Karur Vysya Bank expanded its network; inaugurated 4 new branches