GROWTH OF EIGHT CORE SECTORS

Sept. 3, 2019

According to official data released by the government, Growth of eight core industries dropped to 2.1% in July mainly due to a contraction in coal, crude oil, natural gas and refinery products.

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The eight core industries of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, which have a 40.27% weight in the Index of Industrial Production.
The output of coal, crude oil, natural gas and refinery products recorded negative growth in July 2019.
These eight-core sector industries had expanded by 7.3 per cent in July last year.
During April-July, the eight sectors grew by 3 per cent compared to 5.9 per cent in the same period previous year.

Source : All India Radio