New Delhi, Nov 30 (Agency) India’s core sector growth slowed down to 0.1% in October 2022 as compared to 8.7% in the same month a year ago, showed data released by the Commerce and Industry Ministry on Wednesday. The combined output of eight core industries measured by Index of Eight Core Industries had registered 7.8% growth in September.
The Index of Eight Core Industries measures combined and individual performance of production in selected eight core industries viz. coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. While output of coal, fertilizers, steel and electricity increased year-on-year in October this year, the remaining four sectors of crude oil, natural gas, petroleum refinery products and cement registered negative growth during this period. The eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).