Core sector output slowed to 8% in July

Output of eight key infrastructure sectors known as the core sector marginally slowed to 8 per cent in July from 8.3 per cent in June. This is due to a low base effect and positive growth in all the eight sectors during the month. In July last year, the core sector had grown by 4.8 per cent.

- SHIVA RAJORA

The print for June 2023 was also revised slightly upwards to 8.3 per cent from 8.2 per cent estimated earlier.

According to data released by the Ministry of Commerce and Industry on Thursday, while growth in the output of fertiliser (3.3 per cent), steel (13.5 per cent), refinery products (3.6 per cent), and cement (7.1 per cent) slowed than the previous month, that of coal (14.9 per cent), natural gas (8.9 per cent), and electricity (6.9 per cent) accelerated in July.

Crude oil production saw positive growth (2.1 per cent) for the first time in 14 months since May 2022.