India’s Eight Core Industries Record Output Decline of 0.5℅

New Delhi, October 1, 2019:

Eight core industries of the country have recorded a 0.5 per cent decline in output of coal, crude oil, natural gas, cement, and electricity in the month of August.

This was stated in a government data list released on Monday.

Last year in August, these eight core sector industries had expanded by 4.7 per cent. The industries included- coal, crude oil, natural gas, refinery products, fertilizer, steel, cement, and electricity.

According to the data of the Commerce and Industry Ministry- Coal, crude oil, natural gas, cement, and electricity recorded negative growth of 8.6 per cent, 5.4 per cent , 3.9 per cent, 4.9 per cent and 2.9 per cent, in August.

However, fertilizer and steel production grew by 2.9 per cent, and 5 per cent, respectively during the month.

During April-August, growth in the eight core industries grew by 2.4 per cent from 5.7 per cent during the same period last year.

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