Core sectors growth up 2.9% in January

This was lower than 5.3% in the same period of the previous financial year

Growth in the eight core sectors jumped to a three-month high of 2.9 per cent in January due to sharp pick-up in coal, cement and electricity generation.

According to the data released by the Ministry of Commerce and Industry on Monday, the eight core industries - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity - comprising nearly 38 per cent of India's total industrial production had a cumulative growth of 2 per cent in the months leading up to January.

This was lower than 5.3 per cent in the same period of the previous financial year.

 

In January this year, coal increased by the most at 9.1 per cent followed by cement at 9 per cent.

While Fertilizer production went up by 6.2 per cent, electricity generation also saw a rise of 6 per cent.

However, natural gas fell by the most at 15.3 per cent followed by crude oil at 4.6 per cent and steel at 2.8 per cent. The same sectors had also dipped in the last month.