Sustained rise in cement production and a spurt in coal output led the combined output of the economy’s eight core sectors to grow at a marginally higher pace of 4.7 per cent in April as against 4.4 per cent in March.
The pace of growth had been sluggish over the past two months. The eight sectors comprising crude oil, natural gas, refinery products, fertiliser, steel and electricity, contribute about 40 per cent to the total industrial production.
In April, six sectors performed better than a month earlier. Double-digit rise in cement production continued to solidify overall growth for six straight months, rising 16.6 per cent as compared to 13.3 per cent in the previous month.
Increased budgetary support for affordable housing, growth in rural economy and rise in infrastructure spend are expected to support cement demand in FY19 as well. Read More
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