As per the government data, the growth in the mining sector was at 4.5% in February 2022 as against a contraction of 4.4% in February 2021. The manufacturing sector expanded by 0.8% in February as compared to a contraction of 3.4% in the year-ago month.
Index of Industrial Production (IIP) is an index that details the growth of various sectors in the economy. The Eight Core Industries comprise more than 40% of the weight of items included in IIP. These are electricity, steel, refinery products, crude oil, coal, cement, natural gas, and fertilizers.
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