India’s Core Sector Growth Output at 5-Month High of 8.2% in June


India’s core sector, comprising eight key infrastructure sectors, witnessed a notable rebound in June 2023, growing at a five-month high of 8.2% on an annual basis. This growth came despite a decline in the production of crude oil, natural gas, and electricity. In comparison, the growth rate for May 2023 stood at 5%, as reported by a government press release on Monday.

The data released by the Commerce Ministry revealed that the core sector had experienced a more substantial growth of 13.1% in June 2022. However, the recent figures indicate a positive trajectory and signs of recovery for India’s economy.

Examining individual sectors, steel emerged as a significant contributor to the growth, registering a remarkable expansion of 21.9% in June 2023 compared to the corresponding month of the previous year. In the same period last year, steel had witnessed a growth rate of 32.1%, indicating a resilient performance amidst challenging economic conditions.

The coal sector also displayed substantial growth, recording a notable 9.8% increase in June on a year-on-year basis. This growth was particularly noteworthy as it rebounded from a robust growth rate of 32.1% observed in the same month a year ago.

Meanwhile, the natural gas sector saw a moderate growth rate of 3.6% year-on-year, while the production of crude oil experienced a slight dip of 0.6%. In contrast, refinery products exhibited a growth rate of 4.6% in June 2023, which, although lower than the impressive growth rate of 28.04% recorded in June 2022, still showcased a positive trend.

The cement and fertilizers sectors also contributed positively to the overall core sector growth. Cement saw an expansion of 9.4%, while fertilizers experienced a growth rate of 3.4% in June 2023 over the corresponding month of the previous year.

Despite the decline in certain sectors, the overall growth of 8.2% in June indicates resilience and gradual recovery for India’s core sector. This growth trajectory assumes significance as the country aims to rebound from the economic impact of the COVID-19 pandemic.

The cumulative growth rate of the Index of Eight Core Industries (ICI) for the quarter from April to June in the current financial year was reported at 5.8% (provisional), as compared to the corresponding period of the previous year. This data further reinforces the positive trends in the economy and suggests that the core sectors are contributing to India’s recovery and growth.

The core sectors play a crucial role in the overall economic performance of the country, as they form the backbone of the industrial landscape. Any improvement in these sectors can have a cascading effect on other industries, thus contributing to overall economic growth and development.

As the economy continues its journey towards recovery, it is essential for policymakers and stakeholders to closely monitor the performance of these core sectors and implement measures to support their sustained growth. Infrastructure development, investment in technology and innovation, and targeted policies aimed at boosting specific sectors could further strengthen India’s core sector growth.

While the economic challenges persist, the 8.2% growth in June 2023 provides a ray of hope for the Indian economy and reinforces the resilience of the core sectors. As the nation works towards a more robust and sustainable recovery, continued focus on key sectors and strategic policies will be crucial in shaping India’s economic landscape and driving it towards a brighter future.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Unleash Your Entrepreneurial Superpowers: Embracing Unfair Advantages for Success

Next Post
CBSE Compartment Result 2023 Live: Check Latest Updates on Class 10th and 12th Results News Article: As the Central Board of Secondary Education (CBSE) conducted the Class 10 and Class 12 Compartment examinations earlier this month, anxious students and parents await the announcement of the results. The results of the Compartment exams are expected to be declared soon on the official board websites, and CBSE is known for its promptness in releasing results, usually announcing Compartment results within 10-15 days of the examinations. The Class 10 Compartment exams were held from July 17 to 22, while the Class 12 Compartment exams took place on July 17. Students who appeared for these exams have been eagerly anticipating their results. During this time of waiting, students are encouraged to remain patient and stay informed about the latest updates on the results through official channels. CBSE is likely to provide direct links to check the Compartment results on its official websites, making it convenient for students to access their scores. Last year, the Class 10 Compartment results were announced first, followed by the Class 12 results a few days later. It remains to be seen if a similar pattern will be followed this year. The board is committed to ensuring that students receive their results promptly and efficiently. For students who appeared for the Compartment exams, it has been a crucial opportunity to improve their performance and secure their academic standing. These exams provide a chance for students to clear subjects they were unable to pass in the regular board exams, and success in the Compartment exams allows them to move forward academically. During the period of waiting for the results, students are reminded to stay positive and not let anxiety overwhelm them. CBSE's evaluation process is fair and accurate, and the board takes all necessary measures to ensure that the results are declared without any discrepancies. The Class 10 and Class 12 Compartment exams are a vital aspect of the education system, giving students a chance to showcase their knowledge and skills in the subjects they struggled with. Success in these exams demonstrates resilience and determination, qualities that are essential for personal growth and development. To check the CBSE Compartment results, students can visit the official websites,, and, where the direct links to the results will be provided once they are announced. It is advisable to refrain from visiting unofficial or third-party websites for result updates to avoid misinformation. CBSE conducted practical exams for Compartment students from July 6 to July 20, 2023, providing them with an opportunity to demonstrate their practical skills in the respective subjects. As the CBSE Compartment results are not released yet, students and parents are encouraged to remain patient and stay updated through official announcements. The board understands the significance of these results in shaping students' academic paths and is committed to delivering them accurately and promptly. As the results are declared, students are advised to maintain a positive outlook, irrespective of the outcome. Whether they achieve the desired results or face challenges, each experience provides valuable lessons for personal growth and development. As the live blog continues to provide updates on the CBSE Compartment results, students are encouraged to stay informed and await the official announcement. The momentous day when results are declared will mark the culmination of their hard work and determination, setting the stage for the next chapter in their academic journey.

CBSE Compartment Result 2023 Live: Check Latest Updates on Class 10th and 12th Results

Related Posts