New Delhi: Output of eight infrastructure sectors March 2023 is set to record 3.6 per cent growth, the slowest in five months, showed government data released on Friday.
The output of core sectors grew by 7.2 per cent in February 2023 and 4.8 per cent in the year-ago month. The previous low was 0.7 per cent in October 2022.
Crude oil production declined by 2.8 per cent, electricity by 1.8 per cent and cement by 0.8 per cent in March this year.
At the same time, an increase of 12.2 percent was recorded in coal production, 9.7 percent in fertilizers, 8.8 percent in steel, 2.8 percent in natural gas and 1.5 percent in refinery products.
growth rate of eight basic infrastructure Sectors such as coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity are expected to grow at 7.6 per cent in FY2023, lower than the 10.4 per cent recorded in 2021-22.
The core sector or major infrastructure industries have a weight of 40.27 per cent in the overall index of industrial production (IIP).
The output of core sectors grew by 7.2 per cent in February 2023 and 4.8 per cent in the year-ago month. The previous low was 0.7 per cent in October 2022.
Crude oil production declined by 2.8 per cent, electricity by 1.8 per cent and cement by 0.8 per cent in March this year.
At the same time, an increase of 12.2 percent was recorded in coal production, 9.7 percent in fertilizers, 8.8 percent in steel, 2.8 percent in natural gas and 1.5 percent in refinery products.
growth rate of eight basic infrastructure Sectors such as coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity are expected to grow at 7.6 per cent in FY2023, lower than the 10.4 per cent recorded in 2021-22.
The core sector or major infrastructure industries have a weight of 40.27 per cent in the overall index of industrial production (IIP).