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.
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