Eight core industries growth rose to 3.8℅ in December: CSO

In November, India’s output for eight core sectors thrived by 3.1 percent, in comparison to 7.5 percent in October 2021.

The growth for the Eight core sectors’ rose to 3.8 per cent after the 3.4 percent in November 2021, the government announced on January 31. According to the data released by the Central Statistics Office, the coal output rose by 5.2 percent, on the other hand, the crude oil output declined by 1.8 percent. The rise also contrasted with the contraction of 0.4 percent in the same month last year, according to the official data released on Monday.

However, the other core sectors, which experienced a surge comprises of natural gas output (19.5%), petroleum refinery output (5.9%), fertilizer output (3.5%), cement output (12.9%), and electricity output (2.5%) respectively. Nevertheless, the steel output plunged by 1 percent, announced the government.

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Before this, in November, India’s output for eight core sectors thrived by 3.1 percent, in comparison to 7.5 percent in October 2021. However, then the production of these sectors had grown in November 2021 over the same period last year, as per the ministry’s data.

The Ministry of Finance data had announced that during the duration of April-November of FY 2021-22, the growing proportion of the eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity — made it to 13.7 percent. These sectors reported negative progress of 11.1 percent during a similar period in the last fiscal.

Meanwhile, these 8 core industries in India comprise 40.27% of all of the items included in the Index of Industrial Production (IIP).