August Core Sector Output

The previous low was in November 2021 at 3.2 per cent. It stood at 4.5 per cent in July

Output of the eight major core sectors in the country rose by 4.9 per cent in August - a five month high - as compared to the 2.6 per cent rise seen in July.This was primarily led by a double-digit jump in coal production and subsequent rise in electricity generation.Economists suggested this represented industrial revival in the country, especially after the Index of Industrial Production bounced back into growth territories in July after a 48-month low output in June.Data issued by the commerce and industry ministry on Thursday showed the eight core segments - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - cumulatively grew 3 per cent in the first five months (April-August) of this financial year. This was lower than the 5.4 per cent growth in the corresponding period of 2016-17.Contributing 40 per cent to total industrial production, total core sector output had been a paltry 0.8 per cent in June.Growth in coal production continued to ..