Eight core sector industries grow by 4.2% in April
Zee Media Bureau/Rd. Alexander
New Delhi: Showing signs of recovery in the economy, the country's eight core sector industries grew by 4.2 percent in April compared to the 2.5 percent in the previous month.
Government data on Tuesday show that the cumulative growth during April-March, 2013-14 stood at 2.7 percent.
In February, the eight core sector grew by 4.5 percent, the highest in 5 months.
According to a data released by the government, the growth in the core sector in April was pushed by the increased output in coal (3.3 percent), fertilizer (11.1 percent), steel (3.1 percent), cement (6.7 percent) and electricity which grew at 11.2 percent.
The data also showed the decline of productions in crude oil (0.1 percent), natural gas (7.7 percent), petroleum products (2.2 percent).