India's core sector growth surges to 12.1 per cent

India's eight key infrastructure industries experienced a robust growth of 12.1 percent in October, as reported by the Ministry of Commerce and Industry on November 30. This growth significantly surpassed the 8.1 percent recorded in September, a figure later revised to 9.2 percent by the commerce ministry.

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The core sector, comprising coal, crude oil, steel, cement, electricity, fertilisers, refinery products, and natural gas, exhibited an impressive performance, marking a substantial increase from a mere 0.7 percent growth recorded in October 2022. Over the period of April to October, these industries showcased an 8.6 percent year-on-year growth, a slight uptick from the 8.4 percent registered in the first seven months of 2022-23.