Easing Covid restrictions, along with pent-up demand, accelerated output of India’s eight major industries in July on a year-on-year basis.
The Index of Eight Core Industries (ICI) readings for the last month showed an expansion of 9.4 per cent from a decline of 7.6 per cent in output, during the same month of the previous year.
On a sequential basis, the core industrial growth during June stood at 9.3 per cent.
The ICI index comprises 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
Source: IANS