Core sector growth back in black, cement leads

Growth in India's core sector rebounded in September with significant contributions from cement and electricity. The sector grew by 2%, recovering from August's 1.6% contraction. Cement production hit a six-month high. Data also indicated a narrowed fiscal deficit supported by robust tax revenues and RBI’s dividend payment.

Oct 31, 2024 - 07:00

Core sector growth back in black, cement leads

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Growth in India's core sector rebounded in September with significant contributions from cement and electricity. The sector grew by 2%, recovering from August's 1.6% contraction. Cement production hit a six-month high. Data also indicated a narrowed fiscal deficit supported by robust tax revenues and RBI’s dividend payment.