The eight core industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- comprising nearly 38% of India's total industrial production had grown at 2.6% in the same month of last year.
Growth in eight core sectors rose to 4-month high of 3.2% in September because of sharp pick-up in fertiliser production and electricity generation.
The eight core industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- comprising nearly 38% of India's total industrial production had grown at 2.6% in the same month of last year. The growth rate in September was highest since May when it was 4.4%.
The cumulative growth rate in the April-September period, 2015-16, is now at 2.3%, lower than 5.1% the first six months of the last financial year. As per data released by the Ministry of Commerce and Industry, fertiliser production increased by 18.1% in September as compared to 12.59% in August. It was negative at (-)11.6 in same month of last fiscal. Growth in electricity generation was at 10.8% in September as compared to 3.9% in the year-ago period. It had recorded 5.6% growth in August.
The coal sector output expanded by a slower pace of 1.9% in September this year as against 7.6% in the same month last fiscal. However, it was higher than 0.4% in August. The decline in steel production was (-)2.5% as compared to (-)5.9% in the previous month. The sector had shown a growth of 6.6% in September 2014.
Crude oil segment declined (-)0.1% in September while the sector had shown a healthy growth of 5.6% in August. Growth in crude oil sector had also dipped in September 2014. While natural growth production posted a growth on yearly basis, the growth in output was down on sequential basis.
Similarly, refinery production was better on yearly basis, but there was dip on month-on-month basis. The data further revealed cement production declined by 1.5% in September as against a growth of 5.4% in August. The segment had posted a growth of 3.7% in September 2014-15.
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