Core sector growth up by 5.8% in August

The eight core sector industries grew by 5.8 percent in the month of August on the back of a strong production of coal, steel, cement and electricity as compared to the 4.7 percent in the same month of last year.

Zee Media Bureau

New Delhi: The eight core sector industries grew by 5.8 percent in the month of August on the back of a strong production of coal, steel, cement and electricity as compared to the 4.7 percent in the same month of last year.

Growth in the infrastructure sector, which has a combined weight of about 38 percent in the Index of Industrial Production (IIP), stood at 4.7 percent in August 2013.

According to a government release, production of coal, steel, cement and electricity stood at 13.4 percent, 9.1 percent, 10.3 percent and 12.6 percent respectively in August.

However, production in crude oil decreased by 4.9 percent, natural gas by 8.3 percent while production of petroleum products and fertilizer declined by 4.3 percent each.

The cumulative growth of the eight core sector industries for the period April-August 2015-2015 stood at 4.4 percet, as per the government data released.

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