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 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.
