Core sector output grows 11% in August
The Hindu
The August output was 3.9% higher than pre-COVID levels.
Output from India’s eight core sectors accelerated for thein August, rising 11.6%, compared to a 6.9% contraction recorded a year ago, with four sectors registering strong double-digit growth although crude oil and fertilisers output declined.
The August output was 3.9% higher than pre-COVID levels, compared to July which recorded a 1.1% uptick above 2019 levels. Cement production jumped 36% as compared to a 14.5% contraction in August 2020, while coal and natural gas registered a 20.6% surge. Electricity and refinery products grew by 15.3% and 9.1%, and Steel output grew 5.1%.
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