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Output of 8 core sectors up in August
Output of India’s eight major industries expanded exponentially in August by 4.9 per cent from a rise of 2.6 per cent during the previous month, official data showed.
By
migrator
migrator
New Delhi
The Index of Eight Core Industries (ECI), representing the output of major industrial sectors like coal, steel, cement and electricity, had risen by 3.1 per cent in the corresponding month of the previous year.
The ECI index carries 40.27 per cent weightage of the Index of Industrial Production (IIP) which is the macro-gauge for India’s factory output. “The combined Index of Eight Core Industries stands at 123.6 in August, 2017, which was 4.9 per cent higher compared to the index of August, 2016,” the Ministry of Commerce & Industry said in the summary of the ECI for August.
“Its cumulative growth during April to August, 2017-18, was 3 per cent.”
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