Home / Financial News / Core sector growth slows to 2.7% in July

Core sector growth slows to 2.7% in July

The country’s annual infrastructure output growth slowed to a three-month low of 2.7% in July, government data showed on Monday, dragged down by a contraction in production of natural gas, steel, fertilisers and refinery products.

The output expanded an annual 7.3% in June, its fastest pace in nine months.

The April-July core industries’ growth was flat at 4.1% as compared to 4.1% in the same period a year ago.

The sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9% of India’s industrial output.

Leave a Reply

x

Check Also

Debate on Article 370 marked by posturing, says RSS

The Rashtriya Swayamsevak Sangh (RSS) is recalibrating its discourse on its demand ...

Street cautiously positive on JSPL post coal mine

Jindal Steel and Power (JSPL), which witnessed its lowest point in the ...