Moneycontrol PRO
UPCOMING EVENT:Attend Traders Carnival Live. 3 days 12 sessions at Rs.1599/-, exclusive for Moneycontrol Pro subscribers. Register now!

Eight core sectors' output grows 11.6% in August

The eight core industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

September 30, 2021 / 06:15 PM IST
Representative Image: Getty

Representative Image: Getty

Eight core industries, including coal, crude oil, and steel, posted a growth of 11.6 percent in August on a yearly basis, as per government data released on Thursday.

The eight core industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

The industries had contracted by 6.9 percent in August 2020.

It is for the third month in a row that the core sectors have posted growth.

As per the data, the production of coal, natural gas, refinery products, steel, cement and electricity increased in August 2021 over the corresponding period of last year.

Close
On the other hand, output of crude oil and fertiliser industries declined.
PTI

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark