Growth of core industries slows to 2.1 pc in Feb 2019 from 5.4 pc last year
New Delhi [India], Apr 1 (ANI): The growth of eight core industries contracted to 2.1 per cent in February from a year earlier due to a falling output of crude oil and refinery products, data released by the government showed on Monday.
ANI
Apr 01, 2019 18:33 IST
New Delhi [India], Apr 1 (ANI): The growth of eight core industries contracted to 2.1 per cent in February from a year earlier due to a falling output of crude oil and refinery products, data released by the government showed on Monday.
Eight sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity -- had expanded by 5.4 per cent in February 2018.
The production of crude oil fell by 6.1 per cent in February 2019 while refinery products declined by 0.8 per cent.
The eight infrastructure sectors recorded a flat growth rate of 4.3 per cent during April to February 2018-19 over the same period previous fiscal year, according to an official statement by the Ministry of Commerce and Industry.
However, the indices of coal, natural gas, fertilisers, steel, cement, and electricity showed increases. (ANI)
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