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India’s Core Sector Observed 5.2% Year over Year (Y-o-Y) Growth
November 02, 2017
Thanks to high production of coal and refinery products, India’s annual infrastructure output in September grew 5.2% on year over year basis. While coal production jumped by 10.6% from last year, that of refinery products jumped by 8.1%. What’s more- it’s also a six-month high since April, when the core sector growth stood at a mere 2.6%.
As much as 40% weight in the industrial production index of the country is contributed by only eight infrastructure sectors viz. coal, refinery products, crude oil, steel, electricity, fertilizer, cement, and natural gas.