Core Sector Growth Rate: The growth rate of eight core sectors, which are considered special from the point of view of the Indian economy, has seen a jump of 8.1 percent in September 2023. . Whereas before this, 12.1 percent growth rate was seen in the month of August. During the April to September half of the financial year 2023-24, the growth rate of the index of eight core industries (Index of Eight Core Sector Growth Rate) was 7.8 percent.
This data has been released by the Commerce Ministry. According to these data, in Coal, Steel, Cement, Refinery Products, Natural Gas, Fertilizer and Electricity Production. There has been a rise in the month of September. Let us tell you that these items have 40.27 percent weightage in the eight core industries which are included in the IIP (Index of Industrial Production). Production of coal, crude oil, natural gas, refinery products, fertilizer, steel, cement and electricity is measured in eight core industries.
Coal production in September 2023 has increased by 16.1 percent as compared to September 2022. Whereas in August 2023, 17.9 percent output growth was seen. Crude oil production has declined by 0.4 percent in September 2023, whereas the output had decreased by 2.3 percent in September last year. A growth of 2.1 percent was seen in output in the month of August. There has been a jump of 6.5 percent in the production of natural gas in September 2023 as compared to the same period last year. Whereas there has been a growth of 5.5 percent in the output of refinery products.
Fertliser Output has increased at the rate of 4.2 percent. Whereas the output of steel sector has been 9.6 percent and the growth rate of cement sector has been 4.7 percent. The output growth rate of the electricity sector has been 9.3 percent which was 15.3 percent in August.
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