New Delhi: The output of India’s eight major industries increased in March to 4.7 per cent on sequential and year-on-year basis, official data showed on Tuesday. Also Read - Industrial Output Slows to 2.1 Per Cent in July Compared to 7.3 per Cent Last Year
According to the Ministry of Commerce and Industry data, the index of eight core industries had risen 4.5 per cent in March 2018. On a sequential basis, the core sector grew by 2.2 in February this year. Also Read - India's Industrial Output Growth Slips to Dismal 19-month Low at 0.5%
The core sector index carries 40.27 per cent weightage of the items included in the index of industrial production (IIP). Also Read - Retail Inflation Rises to 3.77% in September; Industrial Output Falls to 4.3% in August
“The combined index of eight core industries stood at 145 in March 2019, which was 4.7 per cent higher compared with the index of March 2018. Its cumulative growth during April to March 2018-19 was 4.3 per cent,” the Ministry said in a statement.