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Key Infra Sectors' Growth Slows To 6.7% In February

The growth of eight core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.1% in January.

<div class="paragraphs"><p>Source: Unsplash</p></div>
Source: Unsplash

The growth of eight key infrastructure sectors slowed to 6.7% in February on account of poor performance of some sectors like fertiliser, according to official data released on Thursday.

However, the growth rate is higher than January this year.

The growth of eight core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.1% in January.

It was 7.4% in February 2023.

Cumulatively also, the growth rate in the output of these sectors slowed to 7.7% in April-January this fiscal against 8.2% in April-February 2022-23.

The output growth of fertiliser was in the negative zone.

The eight core sectors contribute 40.27% to the country's Index of Industrial Production.