Economy

Growth of 8 core sectors slows to 2.1%

Growth rates of eight core industries dropped to 2.1 per cent in the month of July chiefly due to a contraction in crude oil, coal, natural gas and refinery products, as per Government data. 8-core sector industries - refinery products, coal, crude oil, natural gas, fertilizer, steel, cement and electricity - had expanded by 7.3 per cent in July 2018. The output of crude oil, natural gas, coal and refinery products recorded negative growth in July as per latest government data. Between April-July, these sectors grew by 3 per cent compared to 5.9 per cent in the corresponding period last year.

Growth rates of eight core industries dropped to 2.1 per cent in the month of July chiefly due to a contraction in crude oil, coal, natural gas and refinery products, as per Government data.

8-core sector industries – refinery products, coal, crude oil, natural gas, fertilizer, steel, cement and electricity – had expanded by 7.3 per cent in July 2018.

The output of crude oil, natural gas, coal and refinery products recorded negative growth in July as per latest government data. Between April-July, these sectors grew by 3 per cent compared to 5.9 per cent in the corresponding period last year.

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