Core sector growth rises to 7.9%, highest in new series
New Delhi, Oct. 22 -- Core sector industries output, as measured by the Index of Core Industries (ICI) stood at 7.9% in September, up from 5.9% in August, according to data released by Ministry of Commerce and Industry on Wednesday. September output was the highest growth in the new ICI series, which has 2022-23 as its base year.
Out of the nine industries in the index, six recorded expansion while the rest contracted. The industries that drove ICI growth were iron ore, electricity, coal, and refinery products. Iron ore output picked up pace in September, growing by 18.4% after rising by 5.5% in August. Since January this year, the sector has recorded double-digit growth in every month except February and August. Electricity, which has the ...
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