Core sector expands by 6.4% in March, highest in 16 months

The eight core sectors expanded to 16-month high of 6.4 per cent in March due to pick-up in refinery products, fertilisers and cement production.
The sectors - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity - comprising nearly 38 per cent of India's total industrial production, had shrunk to (-)0.7 per cent in March last year.
It is the highest monthly growth since November 2014, when these sectors had expanded by 6.7 per cent.
During the fiscal 2015-16 as a whole, the eight core sectors grew by 2.7 per cent, while it had expanded by 4.5 per cent in 2014-15.

As per the data released by the government, output in refinery products jumped 10.8 per cent as against (-)1.5 per cent recorded in March 2015. Fertiliser production grew 22.9 per cent in March as against 5.2 per cent a year ago.
Similarly, cement output saw a jump of 11.9 per cent while there was decline in March 2015. Power generation saw a significant increase (11.3 per cent) in March 2016 as compared to the same month last year.
Coal production grew by 1.7 per cent, though at a slower pace than 4.5 per cent recorded in March 2015.
Crude oil production shrunk in March by (-)5.1 per cent. Natural gas output fell sharply by (-)10.5 per cent year-on-year.