Growth in 8 core sector industries rises by 5.8% in August

Led by healthy growth in coal, cement and electricity sectors, the eight core industries grew by 5.8 percent in August this year against 4.7 percent in the same month last year.

New Delhi: Led by healthy growth in coal, cement and electricity sectors, the eight core industries grew by 5.8 percent in August this year against 4.7 percent in the same month last year.

The sectors of coal, cement and electricity grew by 13.4 percent, 10.3 percent and 12.6 percent, respectively, in the month under review, according to the data released by the Commerce and Industry Ministry.

Steel production expanded by 9.1 percent in August this year as against 8.1 percent in August 2013.

However, production of crude oil and natural gas declined by 4.9 percent and 8.3 percent respectively.

Refinery products and fertiliser sectors too recorded negative growth of 4.3 percent and 4.3 percent respectively.

During April-August, the eight sectors grew by 4.4 percent, against 4.2 percent in the year-ago period.

The August figures would have positive impact on overall industrial production as the eight core sectors has a combined weight of about 38 percent in the Index of Industrial Production (IIP).

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