India’s core sector growth showed a notable rebound in September 2023, registering a growth rate of 2%. This positive shift comes after a period of stagnation, driven largely by improved performance in sectors such as coal, electricity, and cement, which are critical to the nation’s infrastructure and economic stability.
Source:- bbc news
The core sector, which includes eight key industries—coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity—has been a significant indicator of the overall health of the Indian economy. The revival in growth can be attributed to several factors. Firstly, the resurgence in demand following the easing of pandemic restrictions has led to increased industrial activity. Secondly, the government’s focus on infrastructure development has bolstered sectors like cement and steel, essential for construction projects across the country.
Source:- news 18
In September, the cement sector recorded a robust increase in production, driven by the rising demand for housing and infrastructure projects. Coal production also surged, reflecting the government’s push to ensure energy security and reduce dependency on imports. Electricity generation witnessed an uptick due to seasonal demand and improved supply from renewable sources.
Despite this positive development, challenges remain. Global economic uncertainties, inflationary pressures, and supply chain disruptions continue to pose risks to sustained growth in the core sector. Analysts suggest that maintaining this momentum will require strategic policy interventions to support domestic industries and enhance competitiveness.
Overall, the 2% growth in September is a hopeful sign for the Indian economy, indicating a potential recovery as the country navigates the complexities of a post-pandemic world. Policymakers and industry leaders will need to remain vigilant to ensure that this rebound translates into long-term stability and growth across all sectors.
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