India News | Key Infra Sectors' Growth Contracts 1.8 Pc in Aug
Get latest articles and stories on India at LatestLY. The growth in production of eight key infrastructure sectors contracted 1.8 per cent in August this year due to a decline in the output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday.
New Delhi, Sep 30 (PTI) The growth in production of eight key infrastructure sectors contracted 1.8 per cent in August this year due to a decline in the output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday.
The growth rate was 6.1 per cent in July.
Also Read | Assam: 39 Sub-Districts Aka 'Xama-Zillas', Their Headquarters To Become Operational From October 4.
The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 13.4 per cent in August 2023.
During April-August this fiscal, the output of core sectors rose 4.6 per cent against 8 per cent in the same period last fiscal.
The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)