The growth rate has an impact on the country’s Index of Industrial Production (IIP), as these key industries account for 40.27 percent of the weightage of the items included in the index. According to official data released on Tuesday, output of India’s eight core infrastructure sectors contracted 3 per cent in September, lower than the 6.5 per cent growth recorded in August.
In September last year, the output growth of the core sector was 2.4 percent.
These eight sectors recorded the lowest growth in the last three months in September this year due to decline in production of coal, crude oil, refinery products and natural gas.
Growth rates in fertilizer and cement production slowed to 1.6 percent and 5.3 percent during the month under review, from 1.9 percent and 7.6 percent, respectively, in September 2024.
However, steel and power production grew by 14.1 per cent and 2.1 per cent respectively in September on a year-on-year basis.
During April-September this financial year, the eight infrastructure sectors grew by 2.9 per cent, compared to 4.3 per cent growth in the same period last year.
The growth rate has an impact on the country’s Index of Industrial Production (IIP), as these key industries account for 40.27 percent of the weightage of the items included in the index.
