India’s core sector growth slows in January, records 3.6% growth [Video]

The output of India’s eight core sectors recorded a growth of 3.6% in the month of January, a slight dip from the 4.9% growth seen in the previous month, according to government data released on Thursday, February 29.

The eight core Industries, comprising sectors like coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity, collectively grew by 3.6%. While coal production saw a modest increase of 10.2%, it was lower than the 10.7% growth recorded in December.

Similarly, crude oil production showed a marginal uptick of 0.7% rebounding from a -1% in the preceding month. Natural gas production also witnessed a slowdown, recording a 5.5% increase compared to 6.6% in December.

However, refinery products experienced a significant downturn, recording a decline of -4.3% in production, contrasting with the 4% growth seen in the previous month.

Fertiliser production contracted by -0.6% after a robust growth of 5.8% in …