Core sector grows 5.8 % in August

October 01, 2014 12:06 am | Updated April 20, 2016 03:06 am IST - NEW DELHI:

Good performance by the coal, cement and electricity generation sectors lifted the eight core sectors’ growth rate to 5.8 per cent in August against 4.7 per cent in the same month last year.

Coal production grew 13.4 per cent, cement 10.3 per cent and electricity generation was up 12.6 per cent, according to official data released on Tuesday. Steel production grew 9.1 per cent against 8.1 per cent in August 2013.

The negative-growth sectors include crude oil output, which shrank 4.9 per cent and natural gas production declined by 8.3 per cent. Refinery products output was down 4.3 per cent and fertilizer production fell 4.3 per cent. Cumulatively, in the first five months of 2014-15, the eight sectors grew 4.4 per cent against marginally faster than the 4.2 per cent in the same period of the previous year.

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