India’s eight core sectors hit to a five-month high of 8.2% in June after increased capital expenditure by the government resulted in six of the eight sectors registering positive growth.

• The core sectors posted growth of 13.1% in June 2022, according to the Ministry of Commerce and Industry on 31 July.
• During the April to June quarter of financial year 2023-24, core sector output declined to 5.8% from 13.9% in the corresponding quarter of the last fiscal.
• The core sectors last registered high growth of 9.7% in January 2023.
• The six core sectors that reported an increase in production were crude oil, petroleum refinery products, fertilizers, natural gas, steel, coal, cement and electricity.
• Petroleum refinery products grew 4.6% against 15.1% in June 2022 due to the current global slowdown. Coal output grew at 9.8% and fertilizer output increased 3.4% in June.
• The eight core industries account for 40.27% of the Index of Industrial Production (IIP) and have a significant impact on the index.
• India’s IIP output grew by 5.2% in May.