Infrastructure Sector Growth Slows to 4% in June

By By Rediff Money Desk, New Delhi
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.
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.
Source: PTI
Read More On:
growtheconomyindiaproductioncrude oilinfrastructureindustrial productioncore sectorsrefinery productsiipjune 2024
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Sebi Clears Pranav Adani in Insider Trading Case

Sebi clears Pranav Adani, Adani Group director, of insider trading charges related to...

Sebi Officials & Asset Disclosure: Privacy...

Sebi officials express privacy concerns over public asset disclosure. Pandey discusses...

New Labour Codes: Supply Chains, Wages, Skilling

New Labour Codes in India aim for frictionless supply chains, universal wage coverage,...

Fidelity Buys 6.3% Stake in Meesho

Fidelity International acquires a 6.3% stake in e-commerce firm Meesho. The stake is...

Wipro & Google Cloud Deploy Gemini AI

Wipro expands Google Cloud partnership to deploy Gemini AI across operations. Jointly...

IndiGo Faces Rs 59 Cr GST Penalty, Will Contest

IndiGo slapped with nearly Rs 59 crore GST penalty for FY21. Airline to contest the...

IRFC Loan Sanctions Target: Rs 60,000 Crore in Q3

IRFC aims to surpass Rs 60,000 crore in loan sanctions by Q3, says CMD Manoj Kumar...

Paytm Invests Rs 2,250 Cr in Payments Arm

Paytm invests Rs 2,250 crore in Paytm Payments Services. RBI approves payment...

Nephrocare IPO Subscribed 13.96 Times

Nephrocare Health Services' Rs 871-cr IPO was subscribed 13.96 times on closing....

PNB Housing Finance Appoints A K Shukla as MD &...

PNB Housing Finance names Ajai Kumar Shukla as MD & CEO, effective December 18, 2025....

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com