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Eight core industries grow at 3.7% in January

For the nine-month period between April and January, the core industries growth rate was recorded as 11.6 percent, the government said. In December 2021, the eight core sectors had grown by 4.1 percent.

February 28, 2022 / 06:13 PM IST
Representative image (Source: Reuters)

Representative image (Source: Reuters)

The growth rate of eight core industries came in at 3.7 percent in January 2022, as compared to the same period last year, the Ministry of Commerce said on February 28.

For the nine-month period between April and January, the core industries growth rate was recorded as 11.6 percent, the ministry said. In December 2021, the eight core sectors - coal, natural gas, crude oil, petroleum refinery products, fertilisers, steel, cement and electricity - had grown by 4.1 percent.

Among them, "the production of coal, natural gas, refinery products, steel, cement and electricity industries increased in January 2022 over the corresponding period of last year", an official statement noted.

"The combined Index of Eight Core Industries stood at 144.4 in January 2022, which increased by 3.7 per cent as compared to the Index of January 2021," it said.