Eight core sector industries grow by 2.5% in March
Zee Media Bureau/Rd. Alexander
New Delhi: India's eight core sector industries grew by 2.5 percent in March compared to the 7 percent in the same month in 2013.
On the back of higher outputs from coal, petroleum, steel and electricity, the eight key infrastructure industries grew by 2.5 percent in March.
In February, the eight core sector grew by 4.5 percent, the highest in 5 months.
In January, the industries had grown by 1.6 percent.
Overall, the core sector industries grew by 2.6 percent in FY14 compared to the 6.5 percent in FY13.
According to a data released by the government, coal production grew by 0.7 percent in March 2014 compared to the same month in 2013 while petroleum refinery production registered a growth of 2.8 percent in March, 2014 over March, 2013.
Steel production and electricity generation also grew by 5.4 percent each in March 2014 compared to March 2013.
The data showed that productions in crude oil, natural gas and fertilizer declined while the production of cement industry remained unchanged.