[ad_1]
New Delhi: Eight key infrastructure sectors’ growth rose to 6.2% in April on healthy expansion in production of natural gas, refinery products and electricity, according to data released on Friday. Output of eight sectors grew 6% in March.
Growth of these core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 4.6% in April 2023.Fertiliser output recorded negative growth in April. Production growth of coal, steel and cement slowed down to 7.5%, 7.1% and 0.6%, respectively against 9.1%, 16.6% and 12.4% in April 2023. Eight core sectors contribute 40.3% to Index of Industrial Production.
Growth of these core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 4.6% in April 2023.Fertiliser output recorded negative growth in April. Production growth of coal, steel and cement slowed down to 7.5%, 7.1% and 0.6%, respectively against 9.1%, 16.6% and 12.4% in April 2023. Eight core sectors contribute 40.3% to Index of Industrial Production.
We also published the following articles recently
Banks’ credit growth in FY25 to slow down to 14%: Crisil
Crisil reports 16% growth in bank credit in FY 2024-25, excluding HDFC merger, due to robust economic activity and increased retail demand. FY 2025 growth may be tempered by high base effect, revised risk weights, and lower GDP growth.
Crisil reports 16% growth in bank credit in FY 2024-25, excluding HDFC merger, due to robust economic activity and increased retail demand. FY 2025 growth may be tempered by high base effect, revised risk weights, and lower GDP growth.
[ad_2]
Source link