Core Sector Growth Up 5.5% In February, Highest In 11 Months

These industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP)

Eight core sector industries recorded a growth of 5.5 per cent in February, highest in 11-months, mainly due to healthy expansion in output of coal, refinery products and electricity, according to a government data released on Tuesday. The eight core sector industries — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — had expanded by 2.2 per cent in February last year.

Last time, it was in March 2019, when these eight sectors recorded a growth of 5.8 per cent. In January this year, these sectors grew by 1.4 per cent.

These industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

Output of coal, refinery products and electricity grew by 10.3 per cent, 7.4 per cent, and 11 per cent, respectively, during the month under review.