At 7.9%, core sector clocks fastest growth in new series

Output in the energy-dominant industries like natural gas (-4.6%), crude oil (-1.4%) and fertilisers (-11.7%) saw continued sequential contraction, reflecting the impact of the prolonged conflict in West Asia.

Output in the refinery products (10.3%) and coal (10.7%), however, saw acceleration during the month.

Bank of Baroda chief economist Madan Sabnavis said Sept figures highlight buoyancy in infrastructure where govt has been spending.

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Source attribution: Times of India – Business.

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