India's eight core sectors' growth output up 12.1% in August
India's eight core sectors grew by 12.1 per cent on an annual basis in August, data released by the government showed on Friday.
In July, the number stood at 8 per cent on an annual basis.
«The production of all Eight Core Industries (namely, Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel) recorded positive growth in August 2023 over the corresponding month of last year,» said the release.
The cumulative growth rate of ICI during April to August stood at 7.7 per cent, data showed. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries viz.
coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
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