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Government data released on 21 September 2026 showed the combined output of India's eight core industries grew 4.8 percent year on year in August, easing from 5 percent in July. Cement output rose 12.5 percent and electricity generation climbed 11.6 percent to a 27 month high, with iron ore up 5.5 percent, steel up 3.4 percent and refinery products up 2.6 percent, while coal contracted 3.8 percent, crude oil fell 3.6 percent, natural gas dropped 4.9 percent and fertiliser output declined 12.4 percent. The cumulative growth of the Index of Core Industries for April to August 2026 stood at 4.3 percent, against 2.4 percent in the same period last year.