• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Core sectors' growth slows down to 2.1 pc in Feb: Govt data

By PTI
|

New Delhi, Apr 01: The growth of eight core sectors slowed down to 2.1 per cent in February due to fall in output of crude oil and refinery products, official data showed Monday.

Eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had expanded by 5.4 per cent in February 2018.

Core sectors growth slows down to 2.1 pc in Feb: Govt data

Production of crude oil and refinery products contracted by 6.1 per cent, and 0.8 per cent, respectively, in February.

After 'Mission Shakti', PSLV-C45 lifts off with EMISAT, 28 international satellites

Growth rate of production of fertiliser, steel, cement and electricity slowed to 2.5 per cent, 4.9 per cent, 8 per cent and 0.7 per cent in February as against 5.2 per cent, 5 per cent, 23 per cent and 4.6 per cent in the same month of 2018, respectively.

However, coal and natural gas output grew by 7.3 per cent, and 3.8 per cent, respectively, in the month under review.

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

According to the Commerce and Industry Ministry data, during April-February 2018-19, the eight sectors recorded a flat growth rate of 4.3 per cent over the same period previous fiscal.

PTI

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more
X