India's Eight Core Sectors Grow By 3.1% In October

India's core sector growth improved to 3.1% in October 2024, with coal output surging 7.8% year-on-year, while crude oil and natural gas production continued to decline.

The eight core industries, representing 40% of India’s industrial output, recorded 3.1% growth in October 2024, led by coal, steel, and petroleum refinery products.

(Photo source: Unsplash)

The eight core industries saw a growth in October, led by the coal industry.

The index of eight core industries grew by 3.1% in October, compared to a 2% growth in September, according to data by the Office of the Economic Advisor, published on Friday. However, the index had contracted by 1.6% in August—its first decline in 42 months.

Break-Up Across Eight Core Sectors In October (YoY)

  • Coal output rose 7.8% in October versus a rise of 2.6% in September.

  • Crude oil output fell 4.8% against a decline of 3.9% in the previous month.

  • Natural gas output fell 1.2% after a fall of 1.3% previously.

  • Petroleum refinery products rose 5.2% after rising 5.8% in September.

  • Fertiliser production rose 0.4% versus a rise of 1.9% in the preceding month.

  • Steel output rose 4.2% after a rise of 1.5%.

  • Cement output rose 3.3%, while it stood at 7.1% last month.

  • Electricity output rose 0.6% after a fall of 0.5% in the previous month.

Also Read: Goldman Sachs Predicts Slower GDP Growth For India In 2025

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WRITTEN BY
Pratiksha Thayil
Pratiksha covers markets and business news at NDTV Profit. She has a keen i... more
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