India's core industrial output up 9.4% in July

Easing Covid restrictions, along with pent-up demand, accelerated output of India's eight major industries in July on a year-on-year basis.

The Index of Eight Core Industries (ICI) readings for the last month showed an expansion of 9.4 per cent from a decline of 7.6 per cent in output, during the same month of the previous year.

On a sequential basis, the core industrial growth during June stood at 9.3 per cent.

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The ICI index comprises 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).