Wednesday, March 05, 2025 | 01:29 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Core sector growth slows to 2.7% in July

The output expanded an annual 7.3% in June, its fastest pace in nine months

Press Trust of India New Delhi
Negative growth in crude oil, natural gas, refinery products, fertilisers and steel has pulled down the growth of the eight core industries to 2.7% in July.

Growth in the infrastructure sector, which has a combined weight of about 38% in the Index of Industrial Production (IIP), stood at 5.3% in July 2013.

Crude oil, natural gas, refinery products, fertilisers and steel recorded a negative growth of 1%, 9%, 5.5%, 4.2% and 3.4%, respectively in July, according to the data of the Commerce and Industry Ministry.

However, coal, cement and electricity production grew by 6.2%, 16.5% and 11.2%, respectively during the month under review.

During April-July, growth in the eight core industries grew by 4.1% from 4.1% in the year-ago period.

Led by healthy growth in cement and electricity, the eight core industries grew to a nine- month high of 7.3% in June.

 

 

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 01 2014 | 6:18 PM IST

Explore News