Madan Sabnavis, chief economist at Bank of Baroda, said core sector growth in November showed steady growth and the slight moderation had been due to base effects
In June last year, the core sector had grown by 13.1 per cent. The print for May 2023 has undergone a significant revision to 5 per cent from 4.3 per cent estimated earlier
The government revised the final growth rate of the index of eight core industries for March 2023 to 4.2%
In FY23, core sector growth decelerated to 7.6 per cent from 10.4 per cent in FY22. While crude oil output (-1.7 per cent) contracted for the past 11 years and growth in coal (14.8 per cent)
Six of eight key infrastructure industries report sequential deceleration
Production of eight infrastructure sectors increased by 5.4 per cent in November against a 3.2 per cent growth in the same month last year on a better show by coal, fertiliser, steel, cement and electricity segments, according to the official data released on Friday. Crude oil, natural gas and refinery products, however, recorded negative growth in November this year. The production growth of eight key sectors slowed down to 0.9 per cent in October. 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-November this fiscal as against 13.9 per cent during the same period last fiscal. The production of coal rose by 12.3 per cent, fertiliser by 6.4 per cent, steel by 10.8 per cent, cement by 28.6 per cent and electricity by 12.1 per cent in November 2022 compared to a year ago. Core sectors industries, which have 40.27 per cent weight in the overall index of industr
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 previous low was in November 2021 at 3.2 per cent. It stood at 4.5 per cent in July
The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal
The output of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity had expanded by 4.9 per cent in March 2022.
The production of eight core industries rose by 9.4 per cent in July against a 7.6 per cent decline in the year-ago month, official data released on Tuesday showed.
Growth in core sector output in January was lower than the 0.2 per cent expansion seen in December
During April-December 2020-21, the sectors' output declined by 10.1 per cent against a growth rate of 0.6 per cent in the same period of the previous year
Impact on IIP likely even as some economists believe consumer goods might tone it down to some extent. Core sector accounts for 40.27% of IIP
Coal, electricity and steel, which constitute over half of the core sector index, showed a rise in production in September
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Infra segment, refinery product impacted the most, even as contraction narrows in latest month
Infra segment, refinery product impacted the most, even as contraction narrows in latest month
In May, the production of refinery products, a key export item, took the biggest hit. Output fell by 21.3 per cent after contracting by 24.2 per cent in April
March performance is worst in current series