Index of Eight Core Industries grew by 2.3% year-on-year in February

Index of Eight Core Industries grew by 2.3% year-on-year in February

¨     Index of Eight Core Industries grew by 2.3% year-on-year in February.

¨     This marks a slowdown compared to the 4.7% growth recorded in January.

¨     Cement production rose by 9.3% compared to the previous year.

¨     This was the fastest-growing sector among the core industries.

¨     Steel production increased by 7.2% compared to the previous year.

¨     Fertilizer production grew by 3.4% on an annual basis.

¨     Coal production recorded a year-on-year growth of 2.3%.

¨     Electricity generation saw a marginal increase of 0.5%.

¨     Crude oil production declined by 5.2% compared to the previous year.

¨     Natural gas production also fell by approximately 5% on an annual basis.

¨     A marginal decline was observed in petroleum refinery products.

¨     Together, these eight core industries account for more than 40% of the Index of Industrial Production.