Archive · 21 Nov 2025
India's Core Sector Growth Stagnant in October
India's core industries, which make up about 40% of the country's total industrial production, didn't grow at all in October.
This is the weakest performance in 14 months.
Some industries like refinery products and fertilizers grew, but others like coal and electricity shrank.
Overall, it's a mixed bag.
Index of Eight Core Industries remained unchanged at 162.4
Gains in refinery, fertiliser, steel, and cement offset by declines in coal, gas, and electricity
Core sector growth hit 14-month low at 0% in October
Coal production dropped 8.5%, electricity generation down 7.6%
Refinery products rose 4.6%, fertiliser production increased 7.4%
- Who
- India's core industries
- What
- Growth rate
- When
- October 2025
- Where
- India
- Why
- Due to mixed performance across different sectors
Optimists
Pessimists
Growth in key sectors
Optimists
Some sectors like refinery products and fertilizers showed growth, indicating potential resilience.
Pessimists
The overall stagnation is concerning, despite growth in a few sectors.
- Core sectors
- Coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, electricity
- IIP weightage
- 40.27%
- Growth rate in September
- 3.3%
- Growth rate in October
- 0%
- Cumulative growth (April-October FY26)
- 2.5%
Sources
Core sector growth flat in October; Refinery, fertiliser, steel and cement rises
India’s eight core sector growth hits 14-month low at 0% in October
Core industries growth flat in October; coal, electricity output decline: Govt data
Core sector output flat in October, marking sharpest slowdown in 14 months
Core sector growth flat in October, weakest in 14 months
Core sector growth stays flat in October
Eight key infrastructure sectors record zero growth in October, coal and electricity production decline
