Core sector knowledge: Output of core sectors grows at 6% in February

The eight sectors had grown at a four-month excessive of seven.8 per cent in January 2023 and 5.9 per cent in February 2022.

The manufacturing of fertilisers, coal, electrical energy, cement, metal, refinery merchandise and pure fuel elevated in February 2023 over the corresponding month of final yr, knowledge confirmed.

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Crude oil noticed a contraction of 4.9 per cent.

The cumulative progress fee of Index of Eight Core Industries (ICI) throughout April-February 2022-23 was reported at 7.8 per cent (provisional) as in comparison with the corresponding interval of final yr.

Core sector or key infrastructure industries, which have a 40.27 per cent weight within the general index of commercial manufacturing (IIP), would have a bearing on industrial manufacturing knowledge for the month.