Robust rebound among infra sectors in October
8 key infrastructure sectors rose 12.1%, except fertilizers, against 0.7% expansion in year-ago period
New Delhi: The output of eight key infrastructure sectors jumped by 12.1 per cent in October 2023 against 0.7 per cent expansion in the year-ago period on account of a sharp uptick in production of coal, steel, cement and electricity, according to the official data released on Thursday.
These numbers assume significance as the eight core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- contribute 40.27 per cent to the Index of Industrial Production (IIP). Growth was primarily driven by a low base effect and double-digit growth in five sectors -- coal, steel, cement and electricity. Infrastructure sectors grew by 9.2 per cent in September.
The output growth of eight sectors was at 8.6 per cent in April-October 2023-24 against 8.4 per cent in the year-ago period.
