Core Sectors

Core sector contracts 1.8% in a first in 42 months, shows govt data

The contraction can be attributed to a high base as well as monsoon impacting industrial activity. The growth in the output was 6.1 per cent in July 2024 and 13.4 per cent in August 2023

India's core sector growth rises to 6.1% in July, shows govt data

Compared to July 2023, six sectors recorded a decline in output growth. The growth rate in coal (6.8 per cent) was the lowest in 13 months

How FM Nirmala Sitharaman's Union Budget 2024-25 affects the key sectors

Exemption from BCD on import of certain minerals to be used in strategic sectors such as telecommunication, space, high-tech electronics, etc

New government to boost infrastructure sector, but expect some hurdles

Core sector growth rose to 6.1 per cent YoY in Apr'24 over Apr'23, as every sector except fertilisers and cement saw strong growth

Coal sector grows 11.6% in February, highest growth in core sectors

The coal sector has registered an 11.6 per cent growth, the highest among all eight core industries of the economy, in February, an official statement said on Monday. The index of coal industry has reached 212.1 points during February as compared to 190.1 points during the same month last year, the coal ministry said. "The coal sector has exhibited highest growth of 11.6 per cent (provisional) among the eight core industries for the month of February 2024 as per the Index of Eight Core Industries (ICI) (Base Year 2011-12) released by Ministry of Commerce & Industries," it said. On a cumulative basis, the index of coal industry increased by 12.1 per cent during April to February 2023-24 over the corresponding period of the previous year. ICI measures the combined and individual production performance of eight core industries namely, cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. The Combined Index of Eight Core Industries experienced a

Core sector growth bounces back to a three-month high in February

The eight core industries account for 40.27 per cent of weighting of items included in the Index of Industrial Production (IIP). Thus, they have a significant impact on the index

India's core sector growth rises to 6.7% in February, up from 4.1% in Jan

Core industries contributing to this growth, include coal, natural gas, cement, steel, crude oil, electricity, and refinery products which make up 40.27% of India IIP

India's core sector output grew by 12.1% in October on low base effect

The figures for September were revised upward to 9.2 per cent from 8.1 per cent earlier

Eight key infrastructure sectors growth up at 12.1% in October: Govt data

All the sectors except for fertiliser recorded healthy production growth in the month under review

Core sector output slows to a four-month low of 8.1% in September

Experts say pickup in rainfall expectedly flattened the core sector expansion

Railway Board shifts employees of electrification body to railway zones

The Railway Board has directed that employees of the Central Organization for Railway Electrification (CORE) be shifted to railway zones, citing that its present electrification assignment is ending and no new work has been allotted to it. The CORE had electrified 58,812 route kilometers (RKM) of the Indian Railway's broad-gauge network by March 31, 2023, which is 90 per cent of the total network (65,300 RKM). The present electrification assignment to the CORE is coming to an end and no new work has been allotted to it, the board's office memorandum dated September 11, 2023, stated. "The Ministry of Railways is upgrading track electrification for high speed trains and for that it has approved 2x25 kV electric traction upgrade work, but somewhere I believe that the board is of the view that there is no need to continue with CORE for this project and it can be done by the respective zones," a source in the railways said. The board's direction stated that the magnitude of 2x25 kV ...

Top headlines: Q1 GDP data, core sector output slowed to 8%, and more

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Core sector output in May expands at 4.3% amid a high base effect

Madan Sabnavis, chief economist at Bank of Baroda, said the continued traction in cement and steel could be attributed to government spending

India's core sector growth slows to five-month low of 3.6% in March

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)

Core sector output at 13-month high in May at 18.1% on capex push

The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal

Output of eight core sectors at 3.7% in Jan: Govt data

Production of eight infrastructure sectors expanded by 3.7 per cent in January against 1.3 per cent in the same month last year on better show by coal, natural gas and cement industries

Core sectors output slows in Nov to 3.1% month-on-month: Govt data

In October, core sectors' output had grown by 8.4%

Eight core sectors' output grows to 7.5% in October

The core sector grew 6.9 per cent, compared with the pre-Covid month of October 2019

Top headlines: Q2 GDP grows at 8.4%; fiscal deficit at 36.3% of FY22 target

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Eight core sectors' output grows to 7.5% in October

Core sector growth was 4.5% in September