In September, India's crucial core sectors, including coal, oil, steel, and more, recorded a growth of 8.1%, marking a four-month low following August's impressive 12.1% surge.
This deceleration was primarily driven by the cement industry, which saw a growth of only 4.7% compared to a substantial 19.3% in August. Notably, the fertilizer sector exhibited an improved growth rate of 4.2%.
The moderation in core sector expansion may indicate a subsequent decline in overall industrial growth for September, raising questions about India's economic trajectory in the near term. This data will be closely monitored when it is released on November 10.