India's core sector output grows 9.4% in July on the back of low base

Except crude oil, 7 sectors have shown an uptick YoY

India's output of eight core industries grew 9.4 per cent year-on-year (YoY) in July on the back of a low base as all sectors, except crude oil, registered an increase in output.

On a month-on-month basis, output rose 5.4 per cent in July, after growing 1.5 per cent in June.

The data released by the Department for Promotion of Industry and Internal Trade on Tuesday revealed that the output of core sectors had registered a 7.6-per cent decline in July 2020 due to Covid-19-related restrictions.

The index grew 1.1 per cent, compared to July 2019, mainly on the back of