Official data reveals that India’s eight core sector industries experienced a growth slowdown to 6.7% in February, attributed partly to underperformance in sectors like fertiliser. Despite this, the growth rate marks a sequential increase from the previous three months. Notably, coal, crude oil, natural gas, and cement production showed robust growth, while refinery products, steel, and electricity declined. Analysts anticipate a 6.0-6.5% expansion in the Index of Industrial Production for February 2024, reflecting the improved core sector performance.
India’s Core Sector Growth Slows to 6.7% in February
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/03/29095035/TNIE_import_2012_5_16_17_original_Factory1-ezgif.com-avif-to-jpg-converter-860x717.jpg)