Core industrial growth hits historic high of 7.9% in September 2026
India's core industrial growth accelerated to a historic high of 7.9% in September 2026, driven by a sharp turnaround in the coal sector and increased activity in refinery products and iron ore. The Index of Core Industries recorded its highest growth since new data series began in April 2024. While key sectors like coal, refinery, and electricity showed strong momentum, sectors such as crude oil, natural gas, and fertilizers continued to contract, signaling challenges in specific segments. Experts emphasize the need for policy support, investment, and addressing sector-specific challenges to sustain this growth momentum and ensure long-term stability.
- Core industrial growth rose to a historic high of 7.9% in September 2026, the highest since April 2024.
- Growth was primarily driven by the revival in coal, refinery products, and iron ore sectors.
- Cement and steel sectors showed robust growth at 9.8% and 4.9% respectively, supporting construction.
- Index of Core Industries growth reached 7.9% in September 2026.
- Electricity sector growth was recorded at 11.4%.
- Refinery products grew by 10.3% in September from 5.6% in August.