News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 3 years ago
Home  » Business » Eight core sectors' output up 4.4% in Sep

Eight core sectors' output up 4.4% in Sep

Source: PTI
October 29, 2021 20:19 IST
Get Rediff News in your Inbox:

The output of eight core sectors rose 4.4 per cent in September on account of healthy performance by segments like natural gas, refinery products and cement, official data showed on Friday.

The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 0.6 per cent in September 2020, as per the data released by the commerce and industry ministry.

 

Core sectors' growth stood at 11.5 per cent in August this year.

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

Production of natural gas, refinery products, and cement increased by 27.5 per cent, 6 per cent and 10.8 per cent in September 2021, respectively.

However, crude oil production declined by 1.7 per cent in September year-on-year.

The growth rate of these infrastructure industries during April-September 2021-22 stood at 16.6 per cent, as against a contraction of 14.5 per cent in the year-ago period.

Photograph: Katja Buchholz/Getty Images

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Related News: Getty Images, IIP, Katja
 

Moneywiz Live!