Eight core sector growth jumps to 7-month high of 6.7% in June

The headline figure may give a boost to IIP growth, which fell to a seven-month low of 3.2% in May

Ahead of the RBI monetary policy review, the crucial eight-industry sector data has portrayed a positive picture on the growth front for June after subdued index of industrial production (IIP) numbers in May. 

Core sector growth rose to a seven-month high of 6.7 per cent in June due to double-digit expansion in coal, cement and refinery products. On the other hand, crude oil and natural gas continued to contract. 

The headline figure may give a boost to IIP growth, which fell to a seven-month low of 3.2 per cent in May. Core sector has 40 per cent weightage in IIP.