India's core sector growth in September rebounded to 2%, recovering from a contraction of 1.6% in August.

However, the growth of the eight core industries in the first half of the current fiscal year declined to 4.2% from 8.2% in H1FY24.

High-frequency data released by the government shows that coal output remained muted at 2.5% in September, although it was 5.9% higher for the month. Steel consumption maintained steady growth in the first six months of the year, with a 13.4% increase, slightly lower than the 14.9% growth seen in H1FY24.