Eight core sectors’ output records growth of 3.1 % in Nov

According to the data released by the government, the total output of the eight core industrial sectors increased by 3.1 % in the month of November. The rate is by far the lowest since February last year. Positive growth has been recorded in November 2021 by all the other sectors excluding crude oil and cement. The same eight core sectors had a growth rate of 8.4 % in October 2021. The growth rate of the eight sectors in February last year was 3.3%. The eight infrastructure sectors which include crude oil, refinery products, natural gas, coal, fertilisers, cement, steel, and electricity had a growth rate of 13.7% in the April-November period of 2021, which was better than the growth rate of 11.1% during the same period in 2020. Data shows that in November, the production of coal increased by 8.2 % and natural gas by 23.7 %. Refinery products saw an increase of 4.3 % and fertilisers of 2.5 %. Steel and electricity also rose by 0.8 % and 1.5 % respectively. Among the items considered while calculating the Index of Industrial Production (IIP), 40.27% weightage is from the above mentioned eight core sectors. Image Source