Core Sector Growth Rate: Indian Economy (Indian Economy) There has been a jump of 8.2 percent in the growth rate of the Core Sector Growth Rate, which is considered as the eight major. In June 2023, the growth rate of the core sector has increased at the rate of 8.2 percent as compared to June 2022. Whereas in May 2023, the growth rate was 4.3 percent. This data has been issued by the Ministry of Commerce.

According to these figures, production of Steel, Coal, Cement, Refinery Products, Natural Gas, Fertilizer and Electricity will increase in June 2023. Compared to 2022, there has been a boom. Let us tell you that in the eight core industries, these items have a weightage of 40.27 percent, which are included in the IIP. The production of coal, crude oil, natural gas, refinery products, fertilizer, steel, cement and electricity is measured in eight core industries.

Coal production in June 2023 has increased by 9.8 percent as compared to June 2022. While there has been a jump of 8.7 percent in production during the April to June quarter. Crude oil production has declined by 0.6 per cent in June 2023 while it has also declined by 2 per cent during the April to June quarter. There has been a jump of 3.6 percent in the production of natural gas in June 2023 as compared to the same period last year. While production increased by 0.1 percent during the April to June quarter.

Production of Petroleum Refinery Products has increased at the rate of 4.6 percent in June 2023. At the same time, production has increased by 1.9 percent during April to June. Fertilizer production has increased at the rate of 3.4 percent. There has been a jump of 9.4 per cent in the production of cement. Steel production has increased at the rate of 21.9 percent. While the production of electricity has increased at the rate of 3.3 percent in June 2023.