Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

India’s eight core sector output in July rose by 9.4pc from the prior year, according to official data. Industrial activities picked pace as COVID-19 restrictions were eased in many regions post the second wave of infections. 

 

The production of seven sectors; namely, coal, natural gas, refinery products, fertilizers, steel, cement and electricity industries increased in July, whereas crude oil industry showed decline.

 

In July, steel industry’s output increased by 9.3pc from July 2020, while cement production grew by 21.8pc.

 

Eight Core Industries for April 2021 is revised to 62.6pc from its provisional level 56.1pc. However, during April-July 2021-22 the growth rate was 21.2pc as compared to the last FY.

 

The output of all eight sectors makes up 40pc of industrial production.

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