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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.

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3 min read Last Updated : Apr 30 2022 | 12:46 AM IST

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

Topics : Core Sector Growth India economy India power production

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