October saw 12.1 percent YoY growth in India’s core sector.
NEW DELHI, NOV 30 : Driven by electricity, coal, cement and steel industries, India’s core sector comprising of eight key infrastructure components grew 12.1 per cent year-on-year (YoY) in October 2023, according to official data released on Thursday.
“The combined Index of Eight Core Industries (ICI) increased by 12.1 per cent (provisional) in October 2023 as compared to the Index of October 2022,” Ministry of Commerce and Industry said in a media statement.
The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).(UNI)