Team Blitz India
NEW DELHI: India’s indexof eight core sectors grew 6.2 per cent on an annual basis in April after growing 6 per cent in March, official data showed.
The eight sectors had grown 4.6 per cent in April 2023.
“The production of electricity, natural gas,coal,steel,refinery products,crude oil and cement recorded positive growth in April,” the statement read.
The coal sector output decreased by 7.5 per cent as against 9.1 per cent in the year-ago period. Likewise, the crude oil sector witnessed a growth of 1.6 per cent against a dip of 3.5 per cent YoY. In March 2024, coal sector and crude oil output was recorded at 8.7 and 2.0 per cent respectively.While Natural Gas increased by 8.6 per cent in April 2024 as against (-)2.9 per cent in April 2023, Refinery Products contracted by 1.5 per cent last year to a surge of 3.9 per cent in April 2024.
Even fertilizers sector contracted by 0.8 per cent in the last month as against a growth of 23.5 per cent in the year-ago period.
