India’s core sector growth slows to 2% in September

New Delhi: The Combined Index of Eight Core Industries (ICI) slowed to 2 per cent in September. It was at 9.5 per cent in the same month last year.

Eight core sectors include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity.The ICI is calculated after considering the combined and individual performance of production of   8 core industries. These core industries are, Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel.  The 8 core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

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However, the output growth is positive against a contraction of 1.6 per cent in August. Out of the eight key sectors, three — crude oil, natural gas and electricity — recorded negative growth in September. The growth of core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 4.2 per cent during April-September this fiscal. It was 8.2 per cent in the same period last fiscal.