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Mixed Signals

  • Published
    5th Jan, 2023

Context:

 

Details of Index of Eight Core Industries: 

 

  • Overall growth observed: The output across the core industries, spanning coal to electricity, grew by an average 5.4%. Double-digit expansions in cement, coal, electricity and steel led the index higher.
  • Sector-wise growth: Contractions in six of the eight sectors has been observed except for production of coal and cement, signalling that non-power demand for coal and construction activity.
  • Positive Outcomes: The 12.3% year-on-year and 15.1% sequential expansion in coal output indicates an improvement in availability of the fuel to fire captive power plants and furnaces in the crucial process and metal-making industries.
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