New Delhi: Output of eight infrastructure sectors registered a growth of 3.6 per cent in March 2023, the slowest in five months, showed government data released on Friday.
The output of core sectors grew by 7.2 per cent in February 2023 and 4.8 per cent in the year-ago month. The previous low was 0.7 per cent in October 2022.
Crude oil production declined by 2.8 per cent, electricity by 1.8 per cent and cement by 0.8 per cent in March this year.
At the same time, an increase of 12.2 percent was recorded in coal production, 9.7 percent in fertilizers, 8.8 percent in steel, 2.8 percent in natural gas and 1.5 percent in refinery products.
The growth rate of eight infrastructure sectors – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity – stood at 7.6 per cent in FY23, lower than the 10.4 per cent recorded in 2021-22.
The core sector or major infrastructure industries have a weight of 40.27 per cent in the overall index of industrial production (IIP). pti rsn nkd nkd hair hair
This report is automatically generated from the PTI news service. ThePrint is not responsible for its content.