The production of India’s six core industries rose to a 14-month high of 12.1% in August, mainly due to a sharp increase in output of electricity and coal during the month. The production of electricity soared 14.9% year-on-year in August, and that of coal rose by 17.9%.
Electricity and coal collectively carry a weight of 30% in the overall index of eight core industries, which constitutes about 40% of the Index of Industrial Production. A 12.1% rise in core industries is likely to aid IIP growth further in August. In July, the IIP was at a five month high of 5.7%.
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