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Index of Core Industries (ICI) fell to a 10-month low of 154.8.
A 0.83% decline from August levels.
A 2% year-on-year uptick.
Narrower contractions in electricity and mining, higher growth in GST e-way bills, and a favorable base from last year may have boosted industrial output growth in September to the 3% to 5% range.
Mixed Fortunes for Construction-Related Sectors:
Steel output growth hit a 33-month low of 1.5%.
Cement production rose 7.1%, the fastest in six months.
Index of Industrial Production (IIP) contracted marginally in August.
September's IIP numbers will be released on November 12.
Experts expect core sectors to grow 4.5% to 5% in 2024-25, compared to 7.6% last year.
Industrial output growth is projected to be around 5%.
Economic indicators for the second quarter have increased downside risks to the 7% growth projection for the year.
Sector-wise Performance:
Coal (up 9.8%)
Cement (up 0.85%)
Refinery products (up 0.07%)
Electricity generation (down 0.5%)
Crude oil production (down 3.9%)
Natural gas production (down 1.3%)
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