Core sector output drops to four-month low of 8.1% in Sept

Mumbai, NT Bureau: The output of India’s eight core sectors declined to a four-month low of 8.1% in September against 8.3% last year, government data showed on Tuesday.

The Index of eight core Industries measures combined and individual performance of production of cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products and steel.

The eight industries comprise 40.27% of the weight of items included in the Index of Industrial Production.

The core sector growth in August was 12.1%, the highest since June 2022, when it was 13.2%. The previous low was recorded in May, when the growth rate stood at 5.2%.