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- The Year on year Core Sector Growth Was Only 8.9% In June, Compared To 16.3% In May And 60.9% In April
Mumbai13 minutes ago
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The growth of the country’s eight core infrastructure sectors was weak in June on a year-on-year basis. It has come down to 8.9%. While core sector growth was 16.3% in May and 60.9% in April due to low base effect. The Ministry of Commerce and Industry gave this information on Friday.
The performance of eight core sector industries declined 12.4% in June a year ago. These industries have been affected by the lockdown imposed in place to control the corona virus. As a result, there was a decline in production.
Coal, crude oil and electricity account for 40% in the core infra sector. According to the data released by the government, the growth of these sectors has grown by 25.3% year-on-year during the June quarter of the financial year 2021-22.
Growth in refinery and steel production has also slowed. During May 2021, the growth of both these sectors was in double digits, but this time they have come down. However, the production of fertilizers has increased during this period. The growth of the infrastructure sector in March this year was 12.6%, as against the estimate of 6.8%.