March core sector growth climbed down to 5.2%
Business Standard|May 01, 2024
The growth in output of eight key infrastructure industries - known ☐ as the core sector - slowed to 5.2 per cent year-on-year (Y-o-Y) in March from 7.1 per cent in February on the back of a sequential deterioration recorded by five of its constituents.
SHIVA RAJORA
March core sector growth climbed down to 5.2%

Output decelerated in sectors like coal (8.7 per cent), crude oil (2 per cent), natural gas (6.3 per cent) and steel (5.5 per cent) during March, according to the data released by the Ministry of Commerce and Industry on Tuesday. The output of refinery products (-0.3 per cent) and fertilisers (-1.3 per cent) contracted during the month. On the other hand, output of cement (10.6 per cent) and electricity (8 per cent) accelerated in March.

In March 2023, the core sector had recorded a growth of 4.2 per cent.

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