Core sector industries' output grows 4.3% in May

THE eight core sector industries slowed down to 4.3% in May as compared to the same month last year when this sector grew at 19.3%.

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Fall in output of crude oil, natural gas and electricity drag down the growth rate in May. However, in the previous month, the core sector growth rate was same as in May.

According to the government data, in the first two months of the current financial year, the core sector output growth has been 4.3% compared to 14.3% in the same period last year. In 2022-23, the eight core sector industries registered a growth of 7.7%.