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Core sector grows by 2.2 per cent in January as power generation picks up
Economy

Core Sector Grows by 2.2 Per Cent in January as Power Generation Picks Up

In January 2020, the growth recorded by eight core industries was 2.2 per cent on the back of increase in the production of coal, refinery products and electricity, as per the official data.

By Kautilya / March 3, 2020

In January 2020, the growth recorded by eight core industries was 2.2 per cent on the back of increase in the production of coal, refinery products and electricity, as per the official data.

The infrastructure sectors had expanded by 1.5 per cent in January 2019. The production of coal, refinery products and electricity grew by 8 per cent, 1.9 per cent and 2.8 per cent, respectively.

Though, negative growth was recorded by sectors during the month under review are crude oil, natural gas, and fertiliser. During the April-January period, core industries growth slowed down to 0.6 per cent against 4.4 per cent in the year-ago period.

The eight core sectors recorded negative growth from August 2019 to November 2019.

Source: IBEF

Image Courtesy: Autotechreview

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