April core sector growth slows to three-month low of 2.5%

Contraction in coal, crude oil and cement output are reasons behind it

The growth of eight core sectors declined to 2.5 per cent in April, mainly due to lower coal, crude oil and cement production.

The growth rate of eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity – was 8.7 per cent in April last year.

According to government data released on Wednesday, coal, crude oil and cement production recorded negative growth of 3.8 per cent, 0.6 per cent and 3.7 per cent, respectively.

Slow growth in key sectors would also have implications on the Index of Industrial Production (IIP), as these segments account for about 38