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Output of 8 core industries accelerates in July

Posted By: Doraiah Vundavally August 31, 2017

Output of 8 core industries accelerates in JulyNew Delhi, Aug 31 (IANS) The growth in production in India's eight major industries accelerated during July when total output grew by 2.4 per cent in comparison with a 0.8 per cent marginal increase during the previous month, official data showed on Thursday.

The Index of Eight Core Industries (ECI), representing the output of major industrial sectors like coal, steel, cement and electricity, grew by 3.1 per cent in the corresponding month of the previous year.

"The combined Index of Eight Core Industries stands at 119.8 in July, 2017, which was 2.4 per cent higher compared to the index of July, 2016. Its cumulative growth during April to July, 2017-18 was 2.5 per cent," the Ministry of Commerce & Industry said in the summary of the ECI for July.

 

The ECI index carries 40.27 per cent weightage of the Index of Industrial Production (IIP).

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Output of 8 core industries accelerates in July

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.