- India's eight core sectors grew 3.7% year-on-year in December, up from 2.1% in November
- Electricity generation rose 5.3%, reversing a 1.5% decline in November
- Crude oil output increased 5.6%, while natural gas production fell 4.4% in December
India's eight core sectors recorded a cumulative growth of 3.7% year-on-year in December, after growing at 2.1% in the preceding month of November, showed the data released by the Ministry of Commerce and Industry on Tuesday.
Electricity generation rose by 5.3%, as compared to a 1.5% decline in the preceding month. Crude oil output also climbed, rising by 5.6% as against a decline of 3.2% last month.
Natural gas productioion, however, continued to fall with a decline of 4.4% recorded after a 2.5% fall in Novemeber.
The output of petroleum refinery products, which hold the most weightage in the index of eight core industries, declined by 1% after falling 0.9% in November.
The eight core industries constitute about 40% of India's Index of Industrial Production (IIP).
Cement output rose by 13.5% year-on-year, after siginifcat rise In the preceding month, with the growth standing at 14.5%.
Steel production remained robust, rising by 6.9% in December after a 6.7% climb in November. The coal sector witnessed an uptick of 3.1%, after an 2.1% rise in the previous month.
Fertiliser output also increased by 4.1% in December, after 5.6% growth in November.
The core sector data is a precursor to the Index of Industrial Production data which will be released later this month.
Teh IIP grew by 6.7% year-on-year during Novemebr, as compared to 0.4% in October.The rebound in output was driven by the manufacturing sector, which grew at 8%. This was led by the production of basic metals, fabricated metals, pharmaceuticals and motor vehicles,
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