India's Core Sector Growth Hits 30-Month High of 7.9% in September

Key Facts

India’s Index of Core Industries grew by 7.9% year-on-year in September, marking its fastest expansion in 30 months. Polymerupdate reported that this growth significantly outperformed the 3.1% rate recorded in the same month last year and accelerated from the revised 5.9% growth seen in August.

The expansion was primarily driven by a robust recovery in iron ore production, which emerged as the strongest performer with 18.4% growth, followed by electricity generation at 11.4% and coal at 10.7%. Conversely, some sectors lagged, with fertilizer production contracting by 11.7% and natural gas output falling by 4.6% during the same period.

Looking ahead, India's Manufacturing PMI is scheduled for release on October 23, 2026, with a forecast of 55.4. Additionally, annual Industrial Production data is due on October 28, 2026, with markets expecting a growth rate of 7.4%.