Mining sector GVA to slow down to 2% in FY19 from 2.9% in FY18: Icra

Y-o-Y growth in coal output has stayed volatile, falling from 9.7% in July 2018 to a lowly 2.5% in August

Mining and quarrying GVA (gross value added) is expected to ease to two per cent in FY19, down from 2.9 per cent in the previous financial year, according to ratings agency Icra.

The outlook for mining and quarrying GVA growth would take a cue from commodity prices, as well as volume growth in key sectors such as coal, crude oil, natural gas and iron ore, the report said. The forecast stems from the sector's subdued performance in the April-September period of in 2018-19.

Year-on-year growth in coal output has stayed volatile, falling from 9.7 per cent in July 2018 to