September core sector growth rises 7.9%.
- On October 31, the commerce ministry said that India’s eight main industries increased 7.9% in September, up from 4.1 percent in August.
- Six of the eight key sectors rose in September. The ministry mentioned coal, refinery products, power, fertilisers, cement, and steel.
- India’s economy is predicted to grow faster than any other major country this year, but it confronts headwinds including a worldwide downturn, global monetary tightening, and the ongoing Russia-Ukraine war.
- Since early May, India’s central bank has dramatically tightened monetary policy and is projected to continue rate rises.