Output of eight core industries rises 4.2% in April

Written By Unknown on Senin, 02 Juni 2014 | 20.07

The coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity sectors had expanded 3.7 percent in the same month last year. Growth in these industries decelerated to 2.7 percent in 2013-14.

The output of eight core industries increased 4.2 percent in April, boosted by higher electricity, fertiliser and cement production.

The coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity sectors had expanded 3.7 percent in the same month last year. Growth in these industries decelerated to 2.7 percent  in 2013-14.

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The eight industries have a combined weight of about 38 percent  in the Index of Industrial Production. Electricity production increased 11.2 percent  in April, fertilisers 11.1 percent , cement 6.7 percent and coal 3.3 percent, all at a faster pace than a year earlier.

Steel production increased 3.1 percent  compared with 10.1 percent  in the same month last year. The crude oil, natural gas and petroleum refinery product sectors contracted 0.1 percent , 7.7 percent and 2.2 percent, respectively, in April.


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