India’s core industrial growth falls to nine-month low in August

Tuesday, 04 October 2022 14:39:25 (GMT+3)   |   Kolkata

India’s eight industries categorized as ‘core sectors’ recorded output growth of 3.3 percent year-on-year in August this year, the lowest growth rate in the past nine months, according to government data released on Tuesday, October 4.

The data showed that coal production increased 7.6 percent in August this year, while crude oil production declined by 3.3 percent and natural gas production was down 0.9 percent.

Petroleum refinery production output increased seven percent in August, fertilizers were by 11.9 percent and steel increased by 2.2 percent. Cement production growth was recorded at 1.8 percent and electricity generation was up 0.9 percent.

AjoyDas
Ajoy Das
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I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.

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