The output of eight key infrastructure sectors jumped by 12.1 per cent in October 2023 against 0.7 per cent expansion in the year-ago period on account of a sharp uptick in production of coal, steel, cement and electricity, according to the official data released on Thursday. These numbers assume significance as the eight core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — contribute 40.27 per cent to the Index of Industrial Production (IIP). Growth was primarily driven by a low base effect and double-digit growth in four sectors — coal, steel, cement and electricity.
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