Sept. core sector output hits 10-month low.
• Core sectors expected to grow 4.5% to 5% through 2024-25, compared to 7.6% last year.
• Industrial output growth expected to decrease to 5%.
• Second quarter economic indicators increase downside risks to 7% growth projection.
Power, Oil, and Gas Sectors
• Five of eight infrastructure sectors recorded year-on-year growth.
• Only coal, cement, and refinery products saw sequential increases.
• Electricity generation contracted for the second consecutive month, with a milder shrinkage.
• Crude oil production contracted for the fifth consecutive month, with a deepening shrinkage.
• Natural gas declined 1.3% for the third consecutive month.
• Industrial output may have grown in the range of 3% to 5% in September.