Photo used for representation purpose only. File
| Photo Credit: G.N. Rao
Output from India’s eight core sectors grew 8.1% in September, led by sharp upturns in coal, steel and electricity production, even as crude oil slipped back into contraction mode after two months of growth.
While September’s growth rate for core sectors is the slowest in four months and significantly below the 12.5% mark hit in August, the overall Index of Core Industries touched its lowest point in seven months, as per provisional numbers from the Commerce and Industry Ministry.
Sequentially, September’s output levels were 4.8% below August. with each of the eight sectors seeing lower production month-on-month.
However, crude oil production, down 0.4% over September 2022 levels, was the only component that contracted year-on-year.
