On account of a sharp increase in the production of steel and refinery products, the growth in output of India’s eight major core sectors rose to 5.6% in December from 4.9% a month ago.
Coal, Crude oil, natural gas, fertilisers, products, cement, steel and electricity – the eight core industries have a weightage of 37.9% in the Index of Industrial Production.
In December, Petroleum refinery production grew 6.4% as compared to 2% in November. Also, steel output grew 14.9% as compared to 5.6% in November.
Fertilisers production declined 4.7% in December, while in December cement output contracted 8.7%. Read More…
Credit By : India Infoline