In August: Core sector growth declined by 1.8 %

Tribune News Service

Chandigarh, Updated At : 09:46 AM Oct 01, 2024 IST

The growth in production of eight key infrastructure sectors declined by 1.8 % in August this year as compared to 13.4 % in August, 2023. It was attributed to a decline in the output of coal, crude oil, natural gas, refinery products cement and electricity, according to official data released on Monday. On the contrary, the growth rate was 6.1 % in July.

However, the production of steel and fertilizers recorded positive growth in August. Also, during April-August this fiscal, the output of core sectors rose 4.6 % compared to 8 % in the same period in FY24.

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