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Eight core sectors' growth drops to 0.2% in June compared to 7.8% last year

During April-June, the eight sectors grew by 3.5 per cent compared to 5.5 per cent in the same period last year

Q1 results: Net profit of 113 firms up 10.8%, sales growth at 10-qtr low
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Press Trust of India New Delhi
Growth of eight core industries dropped to 0.2 per cent in June mainly due to a contraction in oil-related sectors as well as in cement production, according to official data.

The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.8 per cent in June last year.

According to the data released by the government, crude oil output contracted by 6.8 per cent while the refinery segment de-grew by 9.3 per cent.

The cement output declined by 1.5 pe cent.

Snapping its two-month declining trend, the production of fertilisers grew by 1.5

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First Published: Jul 31 2019 | 6:15 PM IST

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