The output pace of India's eight major industries slowed down to 3.6 per cent in May against a growth of 4.6 per cent in April. The growth was led by increased output in coal, cement, fertilizers and electricity sectors. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, constitute 40.27 per cent of the total industrial production in the country. "The combined Index of Eight Core Industries stands at 131.4 in May, 2018, which was 3.6 per cent higher as compared to the index of May, 2017," the ministry said in a statement.Official data released by commerce and industry ministry on Monday showed six industries registering a positive growth. Among the gainers, Coal production surged 12.1 per cent in May vs 16 per cent rise in April; Fertilizers rose 8.4 per cent vs 4.6 per cent in April; Cement 5.2 per cent against 16.5 per cent; Electricity generation 3.5 per cent vs 2.1 per cent; Petroleum Refinery 4.9 per cent vs 2.7 per cent; and Steel by 0.5 per cent vs 3.8 per cent.Among the losing sectors, Crude Oil production declined 2.9 per cent while Natural Gas production declined by 1.4 per cent.
from The Economic Times https://ift.tt/2KEhzF2
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