Defence News

Eight core sectors grow 6.8% in November

Coal output records a negative growth during the month.

Eight core sectors grew by 6.8% in November 2017, mainly helped by a robust performance in segments like refinery, steel and cement, official data showed on Monday.

The eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — had witnessed a growth of 3.2% in November 2016.

The output of refinery products, steel and cement rose by 8.2%, 16.6% and 17.3%, respectively on an annual basis, according to the data released by the Commerce and Industry Ministry.

Crude oil and natural gas output too registered a positive growth during the month under review.

On the other hand, coal output recorded a negative growth during the month.

Cumulatively, the growth in the eight core sectors during April-November this fiscal slowed to 3.9% as against 5.3% in the same period last fiscal.

A healthy growth in key sectors will have positive implications on the Index of Industrial Production (IIP) as these eight segments account for about 41% of the total factory output.

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