India’s core sector output, the gauge to measure infrastructure industries, expanded by 4.6 percent in January 2025, slower compared to 4.8 percent a month ago, data released by the government on February 28 showed.
January marks the fifth consecutive month of growth for core sector output, which represents India’s main infrastructure industries and has a 40 percent weight in the index of industrial production. Performance of India's core sector was muted due to low spending by state and central government on capex.
The annual capex by the government for FY25 were revised downward to Rs 10.2 lakh crore from Rs 11.1 lakh crore estimated earlier, and the Centre expects capex growth to pick up to Rs 11.2 lakh crore in the coming fiscal.
India’s industrial growth had fallen to a three-month low of 3.2 percent in December 2024, compared with 5 percent in the previous month.
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