IANS | 30 Nov, 2023
The eight core industries registered an increase of 12.1 per cent in
October 2023, compared to the same month of the previous year, official
figures released on Thursday showed.
The eight core industries
including cement, coal, crude oil, electricity, fertilizers, natural
gas, refinery products, and steel comprise 40.27 per cent of the weight
of items included in the Index of Industrial Production (IIP).
Cement
production increased by 17.1 per cent while coal production went up by
18.4 per cent and electricity generation recorded an impressive 20.3 per
cent jump in October. Steel production also recorded a double digit
increase of 11 per cent during the month.
The final growth rate of the eight core industries for July 2023 has been revised to 8.5 per cent.
The
cumulative growth rate of the index of core industries during April to
October works out to 8.6 per cent as compared to the corresponding
period of last year.
