CII Naoroji Godrej Centre of Manufacturing Excellence

News and Update

Core sector growth picks up, hinting at Industrial recovery

03 May 2016

Core sector growth hit a 16-month high in March, marking a strong end to FY16 and pointing to a possible industrial recovery ahead of the new financial year. India's core sector expanded 6.4% in March, data released by the government on Monday showed, higher than 5.7% in February. The eight sectors that make up core sectors index ­ coal, crude oil, natural gas, refinery products, fertilsiers, steel, cement and electricity--together have a 38% weight in the Index of Industrial Production (IIP).

This suggests industrial production growth could rise further from 2% in February.

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