India's eight core sectors' growth output up 8% in July

The output of India's eight core sectors grew by 8 per cent on an annual basis in July after hitting a five-month high of 8.3 per cent in June, data released by the government showed on Thursday. The sectors grew by 4.8 per cent in the same month a year ago.

"The production of coal, steel, natural gas, cement, electricity, refinery products, fertilizers and crude oil increased in July 2023 over the corresponding month of last year," the Commerce Ministry said in a statement.

Cumulatively, the ICI grew 6.4 per cent on a year-on-year basis between April and July 2024, data showed. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries viz. coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).


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