Core Sectors

In August 2024, ICI had declined to -1.3 per cent. For the first five months (April-August) of the current financial year, growth stood at 2.9 per cent against 4.72 per cent last year

Aditi Nayar, chief economist at Icra, said that while an elevated base weighed upon coal output, excess rains in the latter half of June impacted electricity generation

Refinery products saw positive growth of 3.4 per cent. Similarly, the steel and cement sectors recorded growth of 9.3 per cent and 9.2 per cent, respectively

April growth slowed due to contraction in refinery and fertiliser output, high base effect; only coal and natural gas posted gains among eight core industries

On a monthly basis, the growth rate in the production of these sectors was lower than the 5.1 per cent expansion recorded in January

Analysts recommend placing bets on rate-sensitives, hospitals, and power utility stocks

The key infrastructure sectors' output had expanded by 4.8 per cent in December 2024

The contraction can be attributed to a high base as well as monsoon impacting industrial activity. The growth in the output was 6.1 per cent in July 2024 and 13.4 per cent in August 2023

Compared to July 2023, six sectors recorded a decline in output growth. The growth rate in coal (6.8 per cent) was the lowest in 13 months

Exemption from BCD on import of certain minerals to be used in strategic sectors such as telecommunication, space, high-tech electronics, etc

Core sector growth rose to 6.1 per cent YoY in Apr'24 over Apr'23, as every sector except fertilisers and cement saw strong growth

The coal sector has registered an 11.6 per cent growth, the highest among all eight core industries of the economy, in February, an official statement said on Monday. The index of coal industry has reached 212.1 points during February as compared to 190.1 points during the same month last year, the coal ministry said. "The coal sector has exhibited highest growth of 11.6 per cent (provisional) among the eight core industries for the month of February 2024 as per the Index of Eight Core Industries (ICI) (Base Year 2011-12) released by Ministry of Commerce & Industries," it said. On a cumulative basis, the index of coal industry increased by 12.1 per cent during April to February 2023-24 over the corresponding period of the previous year. ICI measures the combined and individual production performance of eight core industries namely, cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. The Combined Index of Eight Core Industries experienced a

The eight core industries account for 40.27 per cent of weighting of items included in the Index of Industrial Production (IIP). Thus, they have a significant impact on the index

Core industries contributing to this growth, include coal, natural gas, cement, steel, crude oil, electricity, and refinery products which make up 40.27% of India IIP

The figures for September were revised upward to 9.2 per cent from 8.1 per cent earlier

All the sectors except for fertiliser recorded healthy production growth in the month under review

Experts say pickup in rainfall expectedly flattened the core sector expansion

The Railway Board has directed that employees of the Central Organization for Railway Electrification (CORE) be shifted to railway zones, citing that its present electrification assignment is ending and no new work has been allotted to it. The CORE had electrified 58,812 route kilometers (RKM) of the Indian Railway's broad-gauge network by March 31, 2023, which is 90 per cent of the total network (65,300 RKM). The present electrification assignment to the CORE is coming to an end and no new work has been allotted to it, the board's office memorandum dated September 11, 2023, stated. "The Ministry of Railways is upgrading track electrification for high speed trains and for that it has approved 2x25 kV electric traction upgrade work, but somewhere I believe that the board is of the view that there is no need to continue with CORE for this project and it can be done by the respective zones," a source in the railways said. The board's direction stated that the magnitude of 2x25 kV ...

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Madan Sabnavis, chief economist at Bank of Baroda, said the continued traction in cement and steel could be attributed to government spending