india-s-key-infra-sectors-growth-slows-to-6-1-in-july

The growth of eight key infrastructure sectors slowed to 6.1% in July, as a decline in crude oil and natural gas production impacted overall figures, according to official data released on Friday. This marks an increase from 5.1% in June.

 

The core sectors, which include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity, grew by 8.5% in July 2023.

 

For the April-July period of this fiscal year, the output of these sectors rose by 6.1%, compared to 6.6% in the same period last fiscal year.

 

These eight core sectors account for 40.27% of the Index of Industrial Production (IIP), which tracks overall industrial growth.

Crude oil and natural gas production fell by 2.9% and 1.3%, respectively, in July.