Core Sector Growth In India Climbs To 4-Month High In Nov, Cement, Fertiliser, And Electricity Perform Well

The index of eight core industries represent the infrastructure output of the country and account for a 40 per cent weight in the industrial production index. 

Among the sectors, six out of eight clocked an expansion in November, where cement, fertilisers, and electricity sectors performed better and coal held its own place.

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The core sector growth of India climbed to reach a four-month high of 4.3 per cent in November, in comparison to 3.7 per cent seen in October. Official data released on December 31, 2024 showed that this growth saw four of the eight sectors clocking better performance as against the previous month.

The data showed that November logged the third consecutive month of expansion backed by a favourable base. The index of eight core industries represent the infrastructure output of the country and account for a 40 per cent weight in the industrial production index. 

Industrial production jumped to reach a three-month high of 3.5 per cent in October, boosted by the festive season push. Among the sectors, six out of eight clocked an expansion in November, where cement, fertilisers, and electricity sectors performed better and coal held its own place.

The cement industry grew at the fastest pace in 13 months at 13 per cent, in comparison to the 3.1 per cent jump seen in the previous month. On the other hand, coal sector maintained its rise at 7.5 per cent in the month under review, against 7.8 per cent growth recorded in the preceding month. On a sequential basis, coal was one of the two sectors apart from petroleum to see growth.

The coal sector augmented 7.3 per cent against the previous month, as the overall sector saw a contraction of 3.3 per cent in sequential terms. The electricity sector also saw a jump from 2 per cent in October to 3.8 per cent in November, while the fertiliser sector witnessed a climb from 0.4 per cent to 2 per cent in the month under review. The crude oil and natural gas sector continued to contract even as pace slowed down for the crude oil industry.