Eight core sectors Current Affairs - 2020

Core sector Growth of India hit due to Lock Down

The core sectors of India include crude oil, steel, natural gas, refinery product, cement, fertilizer, electricity and coal. According to the figures released by the Ministry of Commerce recently, the production of core industries of India shrank in March, 2020 due to lock down. Highlights The output of the core industries has reduced by 6.5% Read More…

GoI releases First Advance Estimates: GDP Growth Rate predicted as 5%

On January 7, 2020, the CSO (Central Statistics Office) operating under Ministry of Statistics and Programme implementation released the first advance estimates of GDP number for the fiscal year 2020. The numbers are in line with the predictions of Reserve Bank of India Highlights According to the report, the GDP growth is estimated at 5% Read More…

Growth of eight core sectors slows to 2.1% in July 2019

According to official data released by Government, Growth of eight core industries (Index of Eight Core Industries) dropped to 2.1% in July 2019. It was mainly due to contraction in coal, crude oil, natural gas and refinery products. These eight sectors had expanded by 7.3% in July 2018. Moreover, it has declined by 6.2% during Read More…

Core sector grows 4.7% in October 2017

According to index of eight core industries released by Ministry of Commerce and Industry, Core sector growth has grown 4.7% in October 2017, matching September 2017 growth, which has been revised down from 5.2%. This is the highest core sector growth since March 2017. April-October 2017 growth stood at 3.5%, down from 5.6% in the corresponding Read More…

Eight core sectors growth slips to 2.4% in July 2017

The growth of eight core sectors slowed to 2.4% in July 2017 due to contraction in output of crude oil, refinery products, fertiliser and cement. These eight sectors had witnessed 3.1% growth in July 2016. Cumulatively, these eight core sectors recorded a growth of 2.5% in April-July 2017 period as against 6% in same period Read More…