There is good news for the country's economy. The growth rate of the core sector in the Indian economy has reached a 14-month high. The increase in the production of coal, crude oil and natural gas has supported the growth of the core sector in the month of August.
There is good news for the country's economy. The growth rate of Indian economy is the fastest in the world. The figures that came in August themselves are indicative of this. The foundation of the economy has become stronger in August. The Indian core sector is witnessing the biggest growth in 14 months. According to the Ministry of Commerce and Industry, 8 core sectors of the country are witnessing a growth of 12.1 percent. The core sector growth rate has reached a 14-month high in August. Earlier in the month of July, the growth rate of these sectors was 8.4 percent.
Good figures were shown 14 months ago
August has had the highest growth rate in the last 14 months. The previous high level came in June 2022. At that time the growth rate of 8 core sectors was 13.2 percent.
MCI released data
In the official data released by the Ministry of Commerce and Industry, MCI said that the increase in the production of coal, crude oil and natural gas has supported the growth of the core sector in the month of August. Due to which this month has proved to be excellent in terms of growth of the core sector. The production of refinery products, steel, cement and electricity sectors has also increased in August.
Double digit growth of 5 core sectors
Double digit growth has been seen in 5 industries out of 8 main sectors of the country in August. Among these, core sector growth rate of 18.9 percent has been seen in the cement sector, 17.9 percent growth rate in the coal sector, 14.9 percent in the electricity sector, 10.9 percent in the steel sector and 10.0 percent in the natural gas sector.
No comments:
Post a Comment