More Bad News for the Economy as Eight Core Sector Industries Record Negative Growth
The eight core sector industries — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — has been recorded at minus 0.5% against 4.7 per cent in August last year.
File image of Nirmala Sitharaman. (Photo Credit: PTI)
New Delhi: The eight core industries in August recorded a 0.5 per cent decline in output of coal, crude oil, natural gas, cement, and electricity, according to a government data released on Monday.
The eight core sector industries — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 4.7 per cent in August last year.
Coal, crude oil, natural gas, cement, and electricity recorded a negative growth of 8.6 per cent, 5.4 per cent , 3.9 per cent, 4.9 per cent and 2.9 per cent, respectively, in August, according to the data of the Commerce and Industry Ministry. However, fertiliser and steel production grew by 2.9 per cent, and 5 per cent, respectively during the month under review.
During April-August, growth in the eight core industries grew by 2.4 per cent from 5.7 per cent in the year-ago period.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Priyanka, Parineeti Chopra to Voice Sisters Elsa and Anna in Frozen 2's Hindi Version
- Watch: Burglar Kisses Elderly Woman to Calm Her During Robbery in Pharmacy
- Amitabh Bachchan Was Never Hospitalised, Say Kaun Banega Crorepati Sources
- Indian Tourist from Maharashtra Detained in Bhutan for 'Desecrating' Holy Buddhist Chorten
- Google Pixel 4 Face Unlock is so Unsecure, You May as Well Not Bother Using it