India's core sector growth eased to 3 percent in September 2025, down from 6.5 percent in August, as weak performance in refinery products, natural gas, and crude oil offset strong momentum in steel and cement, according to data from the Ministry of Commerce and Industry.

The eight core industries — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity — together account for 40 percent of the Index of Industrial Production (IIP).

Steel leads, energy drags

Steel output continued to anchor growth, rising 14.1 percent year-on-year after a 13.6 percent increase in August, supported by strong construction and infrastructure demand. Cement production also grew 5.3 percent, reflecting steady activity in the housing and real-estate sectors.

However, energ

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