Eight core sectors grow by 5.1 pc in May; sharp revision in April numbers

Economy


NEW DELHI: The eight core sector industries recorded a growth of 5.1 per cent in May on the back of healthy output in steel and electricity.

The eight core sector industries – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity – grew by 4.1 per cent in May last year.

Steel and electricity output increased by 19.9 per cent and 7.2 per cent, respectively, during the month under review.

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However, crude oil, refinery products, and fertiliser were in the negative zone.

During April-May, the eight sectors grew by 5.7 per cent compared to 4.4 per cent in the same period last year.



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