Core Sector Growth: Core sector growth up at 12.1% in October


NEW DELHI: Growth in the country’s core sector surged to double digits in October on the back of robust expansion in coal, electricity, cement and steel and sustaining the strength displayed since June.
Data released by the ministry of commerce and industry on Thursday showed the core sector spanning coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, rose an annual 12.1% in October, higher than the 0.7% in October last year and above 9.2% recorded in the previous month.
The eight core sectors account for 41% of the index of industrial production and the October data points to faster industrial growth, when the data is released later this month. Electricity generation, which has a weight of 19.6%, increased by 20.3%.


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