At 6.3%, Core Sector Growth in Aug Highest in Over 1 Year
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At 6 3 Core Sector Growth in Aug Highest in Over 1 Year ECONOMY MACRO MICRO MORE 1 At 6 3 Core Sector Growth in Aug Highest in Over 1 Year ECONOMY MACRO MICRO MORE 1 in Aug Highest in Over 1 Year ECONOMY MACRO MICRO MORE 1 ECONOMY MACRO MICRO MORE 1 Core Sector Output Hits 15 Month High in August GROWTH DRIVERS Coal steel cement drive growth crude oil gas drag Our Bureau Growth rate Core Surge y-o-y in New Delhi India s core sector out- Core sector Six out of eight 16 growth at 6 3 sectors recorded put grew at 6 3 year on year in Au- in August a positive growth gust its fastest pace in 15 months aided by a low base effect and Steel recorded the highest strong performance by coal and increase A steel sectors official data released output Monday showed The eight infrastructure industri- es which account for 40 27 -4 weight in the Index of Industrial Jan 23 Aug 25 Production had grown 3 7 in Ju- ly and had shrunk 1 5 in August 2024 For the first five months of Aided by a low base the year-on- Although the growth in cement FY26 average core sector growth year growth in core output expect- sector output stood relatively bet- stood at 2 8 lower than 4 6 in edly improved in August with the ter it remained at a 10-month low in the corresponding period last year uptick particularly driven by view of the monsoon fury in vari- data showed coal said Aditi Nayar chief econ- ous parts of the country in Au- Industrial output had risen to a omist at ICRA Coal output rose by gust said Paras Jasrai associate four-month high of 3 5 in July 11 4 year-on-year in August after director at India Ratings and Re- and the latest core sector print is recording contractions in the pre- search Ind-Ra On the other hand expected to provide a lift BP data vious two months Steel also posted crude oil and natural gas recorded will be released on September 29 robust growth of 14 2 the highest a contraction of 1 2 and 2 2 re- Rating agency ICRA projects IIP among eight industries spectively growth at 4 5-5 5 for August sup- Core sector growth for August is ported by a turnaround in the per- encouraging driven mainly by OUTLOOK formance of mining output which high growth in steel followed by ce- Looking ahead Sabnavis expects has seen a contraction in every ment indicative of heightened ac- construction activity to pick up as month during April-July 2025 tivity in the infrastructure space the monsoon retreats providing a Bank of Baroda expects 4 5-5 said Madan Sabnavis chief econo- boost to cement demand while while Ind-Ra estimates 5 5 mist at Bank of Baroda fertiliser output is likely to in- Coal steel and cement sectors Cement sector recorded 6 1 crease as stocks are built up for ra- drove up the core sector output growth followed by fertilisers bi sowing Ind-Ra expects core while crude oil and natural gas 4 6 electricity 3 1 and refin- sector output growth of around dragged it down ery products 3 5 in September