Key infra sectors’ growth contracts 1.8% in Aug

New Delhi: The growth in production of eight key infrastructure sectors contracted 1.8 per cent in August this year due to a decline in the output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released Monday.

The growth rate was 6.1 per cent in July.

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The growth of core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 13.4 per cent in August 2023.

During April-August this fiscal, the output of core sectors rose 4.6 per cent against 8 per cent in the same period last fiscal.

The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth.

PTI