Economy

Core sector growth slows

The growth of eight core sectors slowed down to a five-month low of 3.4% in January mainly due to contraction in output of refinery products, fertiliser and cement. The growth rate of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity was 5.7% in January 2016.

Infrastructure sectors’ expansion in January this year is the lowest since August 2016, when the segments had recorded a growth of 3.2%. It is also lower than that of 5.6% seen in December 2016.

The core sectors, which contribute 38% to the total industrial production, expanded 4.8% in April - January this fiscal compared with 2.9% growth in the same period in the previous financial year, according to the data released by the commerce and industry ministry on Tuesday.


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Printable version | Jul 31, 2021 10:14:52 PM | https://www.thehindu.com/business/Economy/core-sector-growth-slows/article17384487.ece

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