April core sector growth slows to three-month low of 2.5%

April core sector growth slows to three-month low of 2.5%

The growth of eight core sectors declined to 2.5 per cent in April, mainly due to lower coal, crude oil and cement production.

The growth rate of eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity – was 8.7 per cent in April last year.

According to government data released on Wednesday, coal, crude oil and cement production recorded negative growth of 3.8 per cent, 0.6 per cent and 3.7 per cent, respectively. Read more

Credits:business-standard.com

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