Core Sector Growth at Three-month High Of 7.4% in December: Government Data

Sector Growth

Core Sector Growth At Three-month High Of 7.4% In December: Government Data

February 2023: In November 2022, output of eight key sectors grew by 5.7 percent Output of the eight infrastructure sectors rose to a three-month high of 7.4 percent in December 2022, from 4.1 percent in the same month a year earlier, on better performance in the coal, fertiliser, steel and power segments. Published on Tuesday.

However, crude oil production fell by 1.2 percent in December last year. In November 2022, output of eight key sectors grew by 5.7 percent.

The growth rate of eight infrastructure sectors like coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity stood at 8 percent in April-December of the current financial year as against 12.6 percent in the same period last year. Financial

Coal production rose 11.5 percent, fertilizer 7.3 percent, steel production 9.2 percent and electricity production 10 percent in December 2022 compared to a year ago.

The core sector or core infrastructure industries with 40.27 per cent weightage in the overall index of industrial production (IIP) also have an impact on the industrial production data.

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