Core sector output registers a commendable rise in July

Amid the improving economic scenario in the post-pandemic world, the production of eight core industries has risen by 9.4 per cent in July while in the year-ago month it was a 7.6 per cent decline due to descriptions created by COVID-19 pandemic. The output rose 5.4 per cent in July after growing 1.5 per cent in June.

Accounting for 40.27 per cent of the Index of Industrial Production (IIP), the production of eight industries encompassing natural gas, production of refinery products, cement, coal, steel, fertilizers, electricity industries increased in July over the corresponding period last year.