India’s eight core sectors’ output growth increased by two percent in September this year on an annual basis, showed the data released by the Ministry of Commerce today. The growth of core sectors was 4.2 percent during April-September this fiscal.

The production of cement, refinery products, coal, fertilisers, and steel recorded positive growth in September 2024. The cement production increased by 7.1 percent, refinery products increased by 5.8 percent, the coal sector increased by 2.6 percent, fertilisers witnessed an uptick of 1.9 percent, and steel production rose by 1.5 percent in September 2024 in comparison to the same month of last year. Meanwhile, the crude oil sector witnessed a fall of 3.9 percent, natural gas shrank by 1.3 percent, and electricity declined by 0.5 percent when compared to the same month of last year.

The combined index of eight core industries measures the combined and individual performance of production of eight core industries, which are cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products, and steel. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production.