Core Sector Grows 2.2% In January As Power Generation Picks Up
A shipwright welds a steel plate for a ship being built in Surat, India. (Photographer: Amit Bhargava/Bloomberg News)

Core Sector Grows 2.2% In January As Power Generation Picks Up

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The eight core industries recorded a 2.2 percent growth in January helped by expansion in the production of coal, refinery products and electricity, official data released on Friday showed.

The infrastructure sectors had expanded by 1.5 percent in January 2019.

Also read: India GDP Growth At 4.7% In Q3, Weaker Than Revised Estimates For Q2

The production of coal, refinery products and electricity grew by 8 percent, 1.9 percent and 2.8 percent, respectively.

Sectors which recorded negative growth during the month under review are crude oil, natural gas, and fertiliser.

Also read: India’s April-January Fiscal Deficit Reaches 128.5% Of Rs 7.67 Lakh Crore Revised FY20 Target

During the April-January period, core industries growth slowed down to 0.6 percent against 4.4 percent in the year-ago period.

The eight core sectors recorded negative growth from August 2019 to November 2019.

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