Eight core industries growth hit 14-month low of 3.8% in December 2023

01 Feb 2024 Evaluate

The eight core industries growth hit a 14-month low of 3.8 per cent year-on-year in December 2023 on the back of a high base and a moderation in the growth of six constituent sectors. In December 2022, the core sector had grown 8.3 per cent. In November 2023, core sector growth had printed in at 7.8 percent. All eight sectors registered a growth in December 2023, except crude oil, which witnessed a drop of 1 per cent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

Cement production, having 5.37 per cent weight increased by 1.3 per cent in December, 2023 over December, 2022 and its cumulative index increased by 9.2 per cent during April to December, 2023-24 over corresponding period of the previous year. Coal production, having 10.33 per cent weight increased by 10.6 per cent in December, 2023 over December, 2022 and its cumulative index increased by 12.5 per cent during April to December, 2023-24 over corresponding period of the previous year. Steel production having 17.92 per cent weight increased by 5.9 per cent in December, 2023 over December, 2022 and its cumulative index increased by 13.3 per cent during April to December, 2023-24 over corresponding period of the previous year.

Electricity generation having 19.85 per cent weight increased by 0.6 per cent in December, 2023 over December, 2022 and its cumulative index increased by 6.9 per cent during April to December, 2023-24 over corresponding period of the previous year. Fertilizer production having 2.63 per cent weight increased by 5.8 per cent in December, 2023 over December, 2022 and its cumulative index increased by 6.2 per cent during April to December, 2023-24 over corresponding period of the previous year.

Natural Gas production having 6.88 per cent weight increased by 6.6 per cent in December, 2023 over December, 2022 and its cumulative index increased by 5.6 per cent during April to December, 2023-24 over corresponding period of the previous year. Petroleum Refinery production having 28.04 per cent weight increased by 2.6 per cent in December, 2023 over December, 2022 and its cumulative index increased by 4.7 per cent during April to December, 2023-24 over corresponding period of the previous year. However, Crude Oil production having 8.98 per cent weight decreased by 1.0 per cent in December, 2023 over December, 2022 and its cumulative index declined by 0.3 per cent during April to December, 2023-24 over corresponding period of the previous year.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.