Business Standard

Core sector growth at 50-month low in June; 4 out of 8 sectors contract

June growth rate falls to 0.2%, from 4.3 % in May, as refinery, steel and cement production weakens

core sector growth
Premium

Four of the eight industries making up the core sectors, which contribute almost 40 per cent to the country’s total industrial production, registered a contraction in the month

Subhayan Chakraborty New Delhi
Growth in the eight core sectors of the economy collapsed to 0.2 per cent in June — a staggering 50-month low — dragged down by major contraction in the energy segment and weak performance across industries.

The data released by the commerce and industry ministry on Monday showed that coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity industries saw the rate of growth take a sudden hit in June after a slight dip in May when it was 4.3 per cent. 

Four of the eight industries making up the core sectors, which contribute almost 40 per

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 31 2019 | 8:21 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com