Core sectors output expands by 7.9% in September, says govt data: Report

Updated on Oct 31, 2022 07:23 PM IST

In August, the core sectors' output growth stood at 4.1 per cent.

The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 9.6 per cent during April-September this fiscal(Bloomberg File)
The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 9.6 per cent during April-September this fiscal(Bloomberg File)
PTI | | Posted by Aryan Prakash

Production of eight infrastructure sectors expanded by 7.9 per cent in September against 5.4 per cent in the same month last year on better show by coal, fertiliser, cement and electricity segments, according to official data released on Monday.

In August, the core sectors' output growth stood at 4.1 per cent.

The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 9.6 per cent during April-September this fiscal, compared to 16.9 per cent a year ago.

Output of coal, fertiliser, cement and electricity in September rose by 12 per cent, 11.8 per cent, 12.1 per cent, and 11 per cent, respectively.

Refinery products output to rose 6.6 per cent as against 6 per cent in the same month last year.

However, crude oil and natural gas production contracted by 2.3 per cent and 1.7 per cent, respectively, during the month under review.

Commerce and Industry Minister Piyush Goyal tweeted: "A reason why India is being called a global bright spot is the strength of its core industries. Output of 8 core industries in September grew 7.9 per cent."

Commenting on the data, ICRA Ltd Chief Economist Aditi Nayar said after two months of moderation, core sector growth rebounded to a robust 7.9 per cent in September.

With this growth, "we expect the IIP (index of industrial production) to revert to a modest 4-6 per cent YoY (year on year) rise in that month, from the unexpected contraction in August 2022," she added.

The IIP data for September is expected to be released by the government in the second week of November.

The eight core industries contribute 40.27 per cent in the IIP.

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