India’s Core Sectors Grow by 4.3% in November

India’s core sectors’ output growth increased by 4.3 percent in November this year on an annual basis, according to the data released by the Ministry of Commerce today. The production of cement, coal, steel, electricity, refinery products, and fertilisers recorded positive growth as per the data.

Coal production increased by 7.5 percent, petroleum refinery products rose by 2.9 percent, fertilisers witnessed an uptick of 2 percent, steel increased by 4.8 percent, and cement surged by 13 percent, while electricity gained 3.8 percent in November of the



current fiscal year. Meanwhile, crude oil contracted by 2.1 percent and Natural Gas declined by 1.9 percent in comparison to the same month last year.

The combined Index of Eight Core Industries measures the combined and individual performance of production of eight core industries which are Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production.