India's Core Sector Output Expands 7.4 Per Cent In December

Production of eight infrastructure sectors rose at a three-month high of 7.4 per cent in December 2022 against 4.1 per cent in the same month of previous year on a better show by coal, fertiliser, steel, and electricity segments, according to the official data released on Tuesday.

Crude oil output, however, contracted by 1.2 per cent in December last year.

The production of eight key sectors rose by 5.7 per cent in November 2022.

The eight core industries - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

The growth rate of eight infrastructure sectors stood at 8 per cent in April-December this fiscal as against 12.6 per cent during the same period last fiscal.

The production of coal rose by 11.5 per cent, fertiliser by 7.3 per cent, steel by 9.2 per cent, electricity by 10 per cent, cement by 9.1 per cent, natural gas by 2.6 per cent, and petroleum refinery products by 3.7 per cent in December 2022 compared to a year ago, according to the data released by the Ministry of Commerce and Industry.