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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.


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