India’s core industries’ output rises 8.5% in March

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New Delhi, May 31 (IANS) India’s core industrial output rose by 8.5 per cent in April, on the back of higher production of refinery products, electricity and fertilisers, official data showed on Tuesday.

The gauge for select factory output — Index of Eight Core Industries (ECI) — which represents major infrastructure sectors had risen by 6.4 per cent in March, 2016.

The ECI data had showed a negative growth of 0.2 percent in the corresponding month of last year.

The index comprises 38 per cent of the total weightage of items included in the Index of Industrial Production (IIP).

According to the data furnished by the Ministry of Commerce and Industry, the combined ECI index stood at 176.4 in April, 2016.

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