Signalling that Economic activity is picking up, India's core sector growth hit a nine-month high of 7.3 per cent in June. Growth in the infrastructure sector, which has a combined weight of about 38 per cent in the Index of Industrial Production IIP, was 1.2 per cent in June 2013.

This rise has been attributed to the gorwth in coal, cement, electricity and crude oil. During April-June, growth in the eight core industries grew by 4.6 per cent from 3.7 per cent in the year-ago period.