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Business News/ News / India/  Core sector output growth remains muted at 2.1% in July

NEW DELHI : Growth in India’s eight infrastructure industries, which make up for two-fifth of the index of industrial production (IIP), dropped to 2.1% in July compared to 7.3% in the same month a year ago due to contraction in the output of coal, crude oil, natural gas and refinery products, official data showed on Monday. Energy consumption is usually considered a proxy for standard of living.

However, the silver lining is that July output of the eight core industries is an improvement from the 0.7% growth in June, which was revised upwards. June output growth was earlier reported at 0.2%.

During April-July, the eight sectors grew 3% compared to 5.9% in the same period a year ago.

Gireesh Chandra Prasad
Gireesh has over 22 years of experience in business journalism covering diverse aspects of the economy, including finance, taxation, energy, aviation, corporate and bankruptcy laws, accounting and auditing.
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Updated: 02 Sep 2019, 05:53 PM IST
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