Core sector grew at 1.8% in Nov
The sequential improvement in YoY growth between October and November was led by a majority of the sectors, with a particularly sharp pickup in cement (to 14.5 per cent from 5.2 per cent).
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BHAWIKA CHHABRA
Eight key infrastructure sectors grew at 1.8 per cent in November as against de-growth in September, according to official data released on Monday. However, it is much lower than 5.8 per cent in the same month last year.
These infrastructure industries are called Core Industries and these include Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. “The production of Cement, Steel, Fertilizer and Coal recorded positive growth in November,” an official statement said. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
During the month, coal production increased by 2.1 per cent in November, fertilizer production increased by 5.6 per cent, steel production increased by 6.1 per cent and cement production went up by 14.5 per cent. However, during the month, crude oil production declined by 3.2 per cent, natural gas production by 2.5 per cent and petroleum refinery production declined by 0.9 per cent
Commenting on the number, Aditi Nayar, Chief Economisty with ICRA said that while core sector growth expectedly improved in November after the festive season, it remained tepid. The sequential improvement in YoY growth between October and November was led by a majority of the sectors, with a particularly sharp pickup in cement (to 14.5 per cent from 5.2 per cent).
“Given the base effects and shift in the festive calendar, it would be more prudent to assess the average for October and November 2025, which stands at a meagre 0.8 per cent, lower than the average growth of 3 per cent recorded in H1 FY2026. Based on the core sector growth and other high frequency indicators, we expect the IIP to rise by 3.5-4.5 per cent in November,” she said. IIP data will be out on December 29.
Published on December 22, 2025
