The country is going to witness the interim budget tomorrow, just before the elections. Just before that, figures of growth of industries in the country have come out. The growth rate of 8 industries of the core sector has slowed down in December 2023. These include everything from coal to electricity, cement, steel and petrol diesel.
The growth rate of India’s 8 core sectors has been 3.8 percent in December 2023. It was 8.3 percent in December 2022. However, a major reason for the high growth rate in 2022 was the slowdown in industries in 2021 due to Corona. In the current financial year 2023-24, during April-December, the growth rate in these 8 sectors remains stable at 8.1 percent on an annual basis.
Apart from coal, electricity, cement, steel and crude oil, the 8 core sectors of the country include natural gas, refinery products (petrol-diesel) and fertilizers. In the country’s Industrial Production Index (IIP), the weightage of 8 core sectors is 40.27 percent.
(This news is being updated)
