Business Standard

India's core sector growth rises 4.7% in March, most in five months

Annual growth remains unchanged in FY19 at 4.3%

manufacturing, growth, infrastructure

Subhayan Chakraborty New Delhi
The core sector of the economy recorded 4.7 per cent growth in March, the highest in five months, with impressive recoveries in the refinery products segment. Cement production, too, improved rapidly last month.   

With this, the annual core sector growth for FY19 was 4.3 per cent, the same as the previous year. 

Data released by the Ministry of  Commerce and Industry on Tuesday showed that the eight segments — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — witnessed growth recoveries in March after weakening for four-straight months. In February, the core sector growth stood at 2.2

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First Published: Apr 30 2019 | 10:42 PM IST

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