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Core sector up 12% in Aug; highest in 14 mnths
September 30, 2023
|The Morning Standard
Driven by low base effect and double-digit growth in coal, natural gas, refinery products, cement and electricity
DEFYING the negative sentiments and global headwinds, India’s core sectors displayed strong performance in August.
The core sector -- consisting of eight key infrastructure sectors -- saw a growth of 12.1% in August, which is the highest in 14 months, the government data revealed. This growth was primarily driven by a low base effect and double-digit growth in five of the sectors. In comparison, the core sector had grown by only 4.2% in August last year. The July 2023 data was revised slightly upwards to 8.4% from the earlier estimate of 8%, according to the government.
هذه القصة من طبعة September 30, 2023 من The Morning Standard.
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