Core sector growth slows to 4.2%
The growth of India’s infrastructure industriesNSE 1.84 % slowed to 4.2% in August as output of coal, refinery products and fertilisers moderated. Core sector had grown 7.3% in August and 4.4% in August last year.
Official data released by commerce and industry ministry on Monday showed growth slowing in six out of eight sectors.
The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, constitute 40.27% of the total industrial production.
Its cumulative growth in the April to August period was 5.5% compared with 3% in the year ago period.
Fertiliser production declined after six months. It fell 5.3% in August from a 1.3% rise in July.
Cement production rose 14.3% in August from 11.1% in July and natural gas output increased 1.1% from a 5.2% decline in the previous month.
The pace of output growth slowed to 2.4% in coal, 5.1% in refinery, 3.9% in steel and 5.4% in electricity.