India s core sector growth slowed to 5.2% in March 2024, impacted by various industries. The Index of Industrial Production (IIP) is likely to see a moderate growth of 3.5-5% in the same month. The slow growth in eight core industries — cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products and steel — which have a 40% weight in the Index of Industrial Production (IIP), is likely to lead to slower industrial growth as well.
India Business News: NEW DELHI: Growth in the country’s core sector slowed in March as six of the eight sectors remained sluggish and two of them, refinery products and fe.
The core sector comprising coal, crude oil, steel, cement, electricity, fertilisers, refinery products and natural gas, had grown 7.4% in February 2023. Except fertiliser, the output of all other industries rose in February, according to data released by the commerce and industry ministry.