The growth rate of the eight sectors during April- September was 9.6 percent compared to the corresponding period of the last financial year.
In July, eight core sectors grew 4.5 percent.
In June, eight core sectors grew by 13.2 percent.
The steep contraction is mainly due to decline in the production of steel, refinery products and cement. Apart from coal and fertiliser, all other sectors recorded negative growth in August 2020.
The eight core sectors, which include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity, had recorded a growth of 5.4 percent in February 2018.
The combined index of eight core industries stands at 176.1 in September, 2016, which is 5.0 percent higher compared to September, 2015. Its cumulative growth during April to September, 2016-17 is 4.6 percent.
Arundhati Bhattacharya, chairman, SBI says the new infra, core sector project refinancing norms are a relief. "We were wanting it for existing projects, that has been permitted. So, this will enable us to better match the cash flows with the repayments," she adds.
The Cement manufacturers' Association (CMA) on Wednesday demanded excise duty reduction on the building material to 6-8 percent from the existing 12 percent in the ensuing Budget.
In a poor performance, the eight core industries grew by 3.1% in December mainly due to slackening output of crude oil, steel and natural gas.
Bouyed by a volatile capital goods sector, the Index of Industrial Production (IIP) is likely to come in 3.61% this time against the 3.6% recorded in the previous quarter, reveals a CNBC-TV18 poll.