Business News | Core Sector Output Grows 7.9 Pc in September

New Delhi [India], October 31 (ANI): The government on Monday said that the combined index of eight core industries (ICI) increased by 7.9 per cent (provisional) in September 2022 as compared to the index of September 2021.

The production of cement, coal, fertilisers, electricity, steel and refinery products industries increased in September 2022 over the corresponding month of last year, the statement from the ministry of commerce and industry said.

Also Read | ITBP Recruitment 2022: Applications Begin for Over 180 Posts of Constable, Head Constable At recruitment.itbpolice.nic.in; Here's How to Apply.

ICI measures combined and individual performance of production in selected eight core industries namely coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, the statement said. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

The combined Index of Eight Core Industries increased by 7.9 per cent (provisional) in September 2022 as compared to the Index of September 2021, the statement said.

Also Read | T20 World Cup 2022: Lorcan Tucker's Fighting Knock in Vain As Australia Hammer Ireland by 42 Runs in Group 1 Encounter.

The ministry statement said the final growth rate of index of eight core industries for June 2022 is revised to 13.1 per cent from its provisional level 12.7 per cent. The cumulative growth rate of ICI during April-September 2022-23 was 9.6 per cent as compared to the corresponding period of last year. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)