Growth of core sector slumps to 2.6% in April on sluggish infra performance

The fall in April was broad-based as three sectors contracted while three others saw rate of growth slow down

Growth in the core sector of the economy fell to 2.6 per cent in April, down from 4.9 per cent in March, as most sectors saw growth tapering off while the usual performers in the infrastructure segment put up a poor show.
 
Data released by the commerce and industry ministry on Tuesday showed that the eight core sector industries – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity – saw growth slide in April after a rebound in March.
 
However, contributing almost 40 per cent to the country’s total industrial production, output of the