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India’s core industrial activity grows by 4.8 pc in August; cement, electricity lead
New Delhi, Sep 21 (SocialNews.XYZ) Driven by growth in sectors like cement, electricity, and iron ore, India’s core industrial activity grew by 4.8 per cent (provisional) in August on a year-on-year basis. The growth in the Index of Core Industries (ICI) was, however, slightly less than the growth rate of 5.0 per cent recorded in July (final index). According to a Commerce Ministry statement, cement, electricity, iron ore, steel, and refinery products observed growth rates of 12.5 per cent, 11.6 per cent, 5.5 per cent, 3.4 per cent, and 2.6 per cent, respectively, last month.