Stay Tuned!

Subscribe to our newsletter to get our newest articles instantly!

Economy

Key infra sectors’ growth contracts 1.8% in August, shows govt data | Economy & Policy News

manufacturing

The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth. Representative Picture


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.

Click here to connect with us on WhatsApp


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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sep 30 2024 | 5:20 PM IST

Source link

creativebharatgroup@gmail.com

About Author

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Economy

No need for tax clearance certificate for most travelling abroad: CBDT | Personal Finance

2 min read Last Updated : Aug 20 2024 | 11:08 PM IST The recent amendment to Section 230(1A)
Economy

Need to find alternative ways to reform civil service, infuse talent: Panagariya

On a day the Centre cancelled its latest lateral recruitment drive in bureaucracy, the country’s two top fiscal policy advisors