India’s Core Sector Records Robust Growth In August, Highest In 14 Months

Current Affairs, Economy

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  • India’s core sector output increased to a 14-month high of 12.1% in August, up from 8.4% the previous month, showing increased economic activity.
  • “All in all, the data indicates that the recovery in the infrastructure industries is getting broad-based, which is a good sign for the economy,” said Ind-Ra economists Paras Jasrai and Sunil Kumar Sinha.
  • According to economists, the index of eight essential industries, which accounts for 40% of the index of industrial production, would likely translate into outstanding IIP growth in August.

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