India’s core sector registered a growth rate of 6.7% in June, government data released on Tuesday showed. Growth had dropped to a 10-month low of 3.6% in May from 4.7% in April.
The index of the eight core sector industries includes coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity. These industries comprise over 40% of the weight of items included in measuring the index of industrial production.
Cement production showed the best growth in June, increasing by 13.2% over the corresponding period last year, followed by petroleum refinery production, which was up by 12% and coal, which grew by 11.5%. Steel production grew by 4.4%, electricity by 4% and fertilisers by 1%. Industries that showed a negative growth were crude oil – whose growth rate declined by 3.4% – and natural gas, down by 2.7%.
The cumulative growth rate of the core sector during the April-June quarter was 5.2%, the data showed.
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