Eight core sectors' output grows to 7.5% in October

The core sector grew 6.9 per cent, compared with the pre-Covid month of October 2019

The eight-industry core sector grew 7.5 per cent in October, against a seven-month low of 4.5 per cent in September, in response to the demand during the festival season and on the back of appreciable increases in the production of cement, coal, refinery products, and electricity.

This presents a better outlook for the industry in the third quarter, compared with the previous two quarters, if the trend persists, the issue of chip shortage for the automotive sector is addressed, and Omicron does not rear its ugly head in India. The eight core industries comprise 40 per cent of the weight