WHAT IS A CORE SECTOR GROWTH?
Core Sector Growth
The main or the key industries constitute the core sectors of an economy. In India, there are eight sectors that are considered the core sectors. The eight-core sectors of the Indian economy are electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilizers.
These sectors have a major impact on the Indian economy and significantly affect most other industries as well. The eight industries have a combined share of 40.27 per cent in the Index of Industrial Production (IIP), which gives the growth rates of different industry groups in a specified period.
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LATEST UPDATES ON CORE SECTOR GROWTH
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Core sector output growth slows to 20-month low of 0.1% in October
Output accelerated by only 0.1% in October; 4 of 8 core industries reported production contraction| November 30, 2022, Wednesday -
Growth of core sector output recovers to 3-month high in September
The Reserve Bank of India last month also revised its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier| October 31, 2022, Monday -
India's core sector output growth slips to nine-month low in August
The Reserve Bank of India (RBI) on Friday pared its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier| September 30, 2022, Friday -
India's core sector output growth slows to six-month low of 4.5% in July
The growth in these eight sectors witnessed double digits growth in May and June at 19.3% and 13.2%, respectively| August 31, 2022, Wednesday -
India's core sector maintains double-digit growth at 12.7% in June
8 infra sectors grew 12.7% YoY in June; there was a contraction MoM| July 29, 2022, Friday -
Core sector output at 13-month high in May at 18.1% on capex push
The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal| June 30, 2022, Thursday -
Core sector picks up sequentially; registers double digit growth in March
A coal shortage could aggravate power cuts in many states, leading to economic growth losing momentum.| April 29, 2022, Friday -
March core sector growth slows down to 4.3% from 12.6% a year ago
The growth rate of the eight infrastructure sectors - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement ...| April 29, 2022, Friday -
Core sectors output slows in Nov to 3.1% month-on-month: Govt data
In October, core sectors' output had grown by 8.4%| December 31, 2021, Friday -
India's core sector output grows 9.4% in July on the back of low base
Except crude oil, 7 sectors have shown an uptick YoY| August 31, 2021, Tuesday
