Home » News » Business » Growth of Core Sector Industries Slows to 2.6% in April
1-MIN READ

Growth of Core Sector Industries Slows to 2.6% in April

PTI

Last Updated: May 31, 2019, 18:44 IST

Representative image.  (Photo Credit: Getty Images)

Representative image. (Photo Credit: Getty Images)

The infrastructure sector growth has impact on the Index of Industrial Production (IIP) as these segments account for about 41 per cent of the total factory output.

New Delhi: The growth of eight core infrastructure sectors slowed down to 2.6 per cent in April, due to negative growth in crude oil, natural gas and fertiliser output.

During April 2018, the expansion rate of eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — stood at 4.7 per cent.

Coal generation growth was flat at 2.8 pet cent in April 2019, said the government data.

The output of electricity and refinery products was 5.8 per cent and 4.3 per cent, respectively.

Crude oil, natural gas, and fertilizers sectors posted decline in growth during the month.

The infrastructure sector growth has impact on the Index of Industrial Production (IIP) as these segments account for about 41 per cent of the total factory output.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
first published:May 31, 2019, 18:44 IST
last updated:May 31, 2019, 18:44 IST