Output of 8 major core sectors surges to 5.6% in December’16

Output of 8 major core sectors surges to 5.6% in December’16

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

 

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