Government of India (GoI) Reports Core Sector Growth Eases to 2.3% in February

Key facts

• India's core sector growth slowed to a three-month low of 2.3% year-on-year in February, down from 4.7% in January.
• The eight core industries account for 40.27% of the total weight in the Index of Industrial Production (IIP).
• Cement recorded the strongest expansion among the eight industries at 9.3%, while steel production grew by 7.2%.
• Electricity generation growth dropped to a three-month low of 0.5%, and coal output eased to 2.3%.
• Output in energy-related industries contracted, with crude oil declining by 5.2%, natural gas by 5%, and refinery products by 1%.
• Fertilisers output fell to a five-month low of 3.4% during the month of February.
• Overall core sector growth for the financial year FY26 (up to February) stood at 2.9%, compared to 4.4% in the corresponding period of the previous year.
• India's industrial output growth, measured by the IIP, slowed to a three-month low of 4.8% in January from 8% in December.