Core sector picks up sequentially; registers double digit growth in March

A coal shortage could aggravate power cuts in many states, leading to economic growth losing momentum.


Asit Ranjan Mishra New Delhi
Growth in eight infrastructure sectors saw robust recovery in March, expanding in double-digits sequentially at 14.4 percent despite geopolitical tensions. However, annual core sector growth compared to the same month a year ago eased to 4.3 percent in March due to an unfavourable base effect.
Data released by the industry department showed that except coal (-0.1 per cent) and crude oil (-3.4 percent), other six infra sectors registered robust annual growth in March with fertiliser production (15.3 percent) growing in double digits.
However, a coal shortage could aggravate power cuts in many states, putting upward pressure on electricity costs and diverting supplies away from industrial activities, thus hampering growth momentum.  

First Published: Apr 29 2022 | 7:07 PM IST

Explore News

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

Key stories on are available only to BS Premium subscribers.

Register to