Infrastructure Sector Growth Slows to 4% in June
Jul 31, 2024 17:13
India's eight core infrastructure sectors saw growth slow to 4% in June 2024, driven by declines in crude oil and refinery product output. Learn more about the impact on industrial production.
Photograph: Mukesh Gupta/Reuters
New Delhi, Jul 31 (PTI) Production growth of eight key infrastructure sectors slowed down to 4 per cent in June this year due to a decline in the output of crude oil, and refinery products, according to official data released on Wednesday.
The core sectors' production grew by 6.4 per cent in May 2024.
The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 8.4 per cent in June 2023.
During April-June this fiscal, the output of core sectors rose by 5.7 per cent against 6 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.
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