SME Times News Bureau | 02 Sep, 2019
The pace of production at India's eight major
industries slowed in July to 2.1 per cent from 7.3 per cent in the year-ago
month. However, the index of eight core industries in July was higher compared
with June, when it rose by just 0.7 per cent.
The eight core industries, like coal, crude oil, natural gas, refinery
products, fertilisers, steel, cement and electricity, comprise 40.27 per cent
of the weight of items included in the index of industrial production (IIP).
According to the Ministry of Commerce & Industry, the cumulative growth in
April-July of FY20 was 3 per cent compared with 5.9 per cent reported for the
same period of the last financial year.
