New Delhi: Growth of eight core sectors slowed down to 1.8% in January due to fall in output of crude oil, refinery products and electricity, official data showed on Thursday. Eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — had expanded by 6.2% in January 2018.
Production of crude oil, refinery products and electricity contracted by 4.3%, 2.6% and 0.4%, respectively, in January.
Growth rate of coal and cement sectors slowed to 1.7% and 11 % in January against 3.8% and 19.6% in January 2018, respectively.
However, natural gas, fertilisers and steel output grew by 6.2%, 10.5% and 8.2%, respectively, during the month under review.
Sluggish infrastructure sector growth would also affect the Index of Industrial Production (IIP) as these segments account for about 41% of the total factory output.
According to the commerce ministry data, during April-January 2018-19, the eight sectors recorded a growth rate of 4.5% against 4.1% in the same period of the previous fiscal year.
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