February 07, 2023 07:48 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
S Jaishankar discusses bilateral ties, trade pact with Canadian counterpart Melanie Joly | Mallikarjun Kharge, Rahul Gandhi express grief over deaths due to earthquake in Turkey, Syria | At least 2,300 killed as 3 powerful earthquakes hit Turkey, Syria | PM Narendra Modi to inaugurate India Energy Week 2023 tomorrow | Assam: G20 delegates visits Kaziranga National Park
India's core sector growth slows to just 0.1 pc in Oct Core sector
Image: Unsplash

India's core sector growth slows to just 0.1 pc in Oct

India Blooms News Service | @indiablooms | 01 Dec 2022, 12:19 pm

New Delhi: India’s core sector recorded a growth of a meager 0.1 percent in October compared to an 8.7 percent growth in the same month in the previous fiscal.

India’s core sector comprises eight core industries: coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.

Production in all the sectors dropped in FY23 as compared to FY22.

The production growth of eight infrastructure sectors was 8.2 percent during April-October this fiscal, while it was 15.6 percent in the year-ago period.

In October, all the core industries recorded  growth rate in negative.

During the period, fertilisers, coal, steel and electricity generation increased in comparison to October of last year.

Among the eight core industries, the cement sector was the worst performer, with production contracting by 4.3 percent in October 2022 compared to October 2021.