Core sector output rises 7.9 per cent in September

The output of eight core infrastructure sectors rose 7.9% in September 2022, as compared with 5.4% in the same month last year, according to the government data released on Monday. 

Published: 01st November 2022 08:29 AM  |   Last Updated: 01st November 2022 08:29 AM   |  A+A-

Image of JSW Steel used for representational purposes. (File Photo)

Image used for representational purpose only. (File Photo)

By Express News Service

NEW DELHI:  The output of eight core infrastructure sectors rose 7.9% in September 2022, as compared with 5.4% in the same month last year, according to the government data released on Monday. 

These eight core industries include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity. In August this year, the infrastructure output grew by 4.1%. In April-September, the production growth in these eight infrastructure sectors was 9.6% as against 16.9% a year ago. 

“No doubt the YoY growth as per the latest figures has been good, but the core sector output continues to be weak when compared with the pre-COVID level (February 2020).” “Output in September 2022 is only 3.1% higher than the pre-COVID level, with output of four sectors viz. coal, crude oil, petroleum & refinery products and cement still trailing the pre-COVID output level.

This underscores Ind-Ra’s view that the industrial recovery under way still has a lot of ground to cover, before it can be considered a meaningful recovery,” said Dr. Sunil Sinha, Principal Economist, India Ratings. 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp