Core Sector

Six of eight key infrastructure industries report sequential deceleration

Lower base, expansion in output of seven of eight industries attributed

Production of eight infrastructure sectors rose at a three-month high of 7.4 per cent in December 2022 against 4.1 per cent in the same month of previous year on a better show by coal, fertiliser, steel, and electricity segments, according to the official data released on Tuesday. Crude oil output, however, contracted by 1.2 per cent in December last year. The production of eight key sectors rose by 5.7 per cent in November 2022. The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- stood at 8 per cent in April-December this fiscal as against 12.6 per cent during the same period last fiscal. The production of coal rose by 11.5 per cent, fertiliser by 7.3 per cent, steel by 9.2 per cent, and electricity by 10 per cent in December 2022 compared to a year ago. Core sector or key infrastructure industries, which have a 40.27 per cent weight in the overall index of industrial production (IIP), a

Data released by the industry department on Friday showed sequential acceleration in output growth in sectors like coal (12.3 per cent), steel (10.8 per cent), electricity (12.1 per cent)

Output accelerated by only 0.1% in October; 4 of 8 core industries reported production contraction

The Reserve Bank of India last month also revised its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier

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.

The Reserve Bank of India (RBI) on Friday pared its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier

The output of eight core infrastructure sectors slowed down to 4.5 per cent in July -- the lowest in six months -- against 9.9 per cent in the year-ago period, according to official data released on Wednesday. The output of these infrastructure sectors expanded by 13.2 per cent in June, 19.3 per cent in May, 9.5 per cent in April, 4.8 per cent in March, 5.9 per cent in February and 4 per cent in January. The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 11.5 per cent in April-July this fiscal against 21.4 per cent a year ago. Crude oil and natural gas production contracted by 3.8 per cent and 0.3 per cent, respectively, during the month under review.

8 infra sectors grew 12.7% YoY in June; there was a contraction MoM

The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal

In May, the output of coal, crude oil, refinery products, fertiliser, cement and electricity rose by 25.1%, 4.6%, 16.7%, 22.8%, 26.3% and 22%, respectively

The growth rate of the eight infrastructure sectors - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 6 per cent in February

Crude oil production contracted 2.4 per cent in January, the pace which is the highest in six months

Barring crude oil and steel, all sectors recorded positive growth in December 2021

Centre's fiscal deficit touches 46.2% of annual target till November-end

Core sector rose 16.6 per cent in the first half of the current financial year against a contraction of 14.5 per cent in the corresponding period of the previous year

In June 2020, the core sector output contracted 12.4 per cent due to the restrictions imposed across the country to control the spread of Covid-19

Prabhu added that the Indian economy's rate of growth would get accelerated with India's vaccination drive picking up pace, which will revive businesses and, in turn the overall economy

Will continue to grow in April despite localised lockdowns, say experts