Growth of core sector industries slows to 2.6% in April1 min read . Updated: 31 May 2019, 06:10 PM IST
- This, owing to negative growth in crude oil, natural gas and fertiliser output
- Infrastructure output accounts for nearly 40% of country's industrial output
New Delhi: The growth of eight core infrastructure sectors slowed down to 2.6% in April, due to negative growth in crude oil, natural gas and fertiliser output.
During April 2018, the expansion rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- stood at 4.7%.
Coal generation growth was flat at 2.8% in April 2019, said the government data.
The output of electricity and refinery products was 5.8% and 4.3%, respectively.
Crude oil, natural gas, and fertilizers sectors posted decline in growth during the month.
The infrastructure sector growth has impact on the Index of Industrial Production (IIP) as these segments account for about 41% of the total factory output.