MUMBAI: According to official data released on Friday, the output of eight core sectors increased by 4.4 percent in September, owing to strong performance by segments such as natural gas, refinery products, and cement. According to data given by the commerce and industry ministry, the eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity grew by 0.6 percent in September 2020. In August of this year, core sectors grew by 11.5 percent.

The rate of increase in September was the slowest in seven months. The eight core industries account for 40.27 percent of the weight of the items in the Industrial Production Index (IIP). Natural gas, refinery products, and cement production climbed by 27.5 percent, 6 percent, and 10.8 percent, respectively, in September 2021. Crude oil production, on the other hand, fell by 1.7 percent year over year in September.

Between April and September 2021-22, these infrastructure industries grew by 40.27 percent, or 16.6 percent, compared to a contraction of 14.5 percent the previous year. “Despite the pre-festive season inventory build-up suggested by the GST e-way bill data, lower core sector growth and the impact of semiconductor shortages on auto output are expected to dampen September 2021 industrial production growth to 3 percent -5 percent,” according to Aditi Nayar, the chief economist at ICRA.

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