Core sector growth plummets to 3% in Sept as energy sector's output dips
New Delhi: India's eight core industries fell to a three-month low of 3% in September, down from 6.5% in August, according to data released by the Ministry of Commerce and Industry.
Despite a favourable low base effect, the reduction in output comes due to a decline in the performance of four energy sectors.
According to the data, infrastructure-based industries performed well, while energy segments, including coal, crude oil, and refinery products, reflected negative growth rates.
Natural gas output also registered negative growth for the 15th consecutive month.
For H1, the index of core industries registered a growth of 2.9% while it was 4.3% during the same period last year.
Among the four infrastructure sectors, steel production stood at 14.1%, indicating accelerated output for the third consecutive month of double-digit growth.
The continued growth in steel output shows the robust demand from the construction sector, propelled by government spending in infrastructure.
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