India’s Eight Core Sectors Grow 6.6% In July
India’s eight core sectors saw their production grow 6.6 percent over last year in July due to a healthy output in coal, refinery products, cement and fertiliser.
The core sectors—coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, had registered a growth of 2.9 percent in July last year. The output of coal, refinery products, fertiliser and cement grew by 9.7 percent, 12.3 percent, 1.3 percent and 10.8 percent respectively in July 2018.
However, production of crude oil and natural gas witnessed negative growth in the month of July. On the other hand, steel sector expansion came down to 6 percent, as against 9.4 percent in the same month last year.
During the April-July period of the current fiscal, these sectors have grown 5.8 percent as against 2.6 percent in the year-ago period.