Growth in the output of eight key infrastructure industries—known as the core sector—recovered to 2 per cent Y-o-Y in September, from the contraction recorded in the preceding month. For the first time in 42 months, the output of the core sector had contracted (-1.6 per cent) during August.
Growth in September 2024 was slower than the 9.5 per cent registered in the same month last year.
According to the data released by the Ministry of Commerce and Industry on Wednesday, the sequential recovery was on the back of an acceleration in the output of coal (2.6 per cent), refinery products (5.8 per cent) and cement (7.1 per cent), even as the output of fertilisers (1.9 per cent) and steel (1.5 per cent) underwent deceleration.
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