Home / Economy / News / Hope of recovery as core sector fall narrows to 0.8% in Sept vs 7.3% in Aug

Hope of recovery as core sector fall narrows to 0.8% in Sept vs 7.3% in Aug

Coal, electricity and steel, which constitute over half of the core sector index, showed a rise in production in September

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The core sector declined 14.3 per cent in the first six months of the current financial year against 1.3 per cent growth in the entire 2019-20.

Indivjal Dhasmana New Delhi

3 min read Last Updated : Oct 30 2020 | 12:54 AM IST

Output in the crucial eight-industry core sector contracted for the seventh month in a row, but the unlocking of the economy reduced the rate of decline to a mere 0.8 per cent in September against 7.3 per cent in the previous month.

Coal, electricity, and steel, which constitute over half the core sector index, showed a rise in production in September.

Coal output grew for the second month in a row with the growth rate accelerating to 21.2 per cent against 3.6 per cent in August.

This is likely to have a positive impact on the index of industrial production (IIP), which declined

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