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Tuesday, October 31, 2023

Core sector growth hits 4-mth low of 8.1% in Sept

The growth in India's infrastructure sector slowed to a four-month low in September, but remained strong overall. The core sector, which includes coal, crude oil, natural gas, and other industries, grew by 8.1% in September, compared to 12.5% in the previous month. Crude oil was the only sector that contracted, while coal saw double-digit growth. The core industries account for 41% of the country's industrial production index, and a strong outcome is expected for the overall industrial production data.

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