Sunday, August 7, 2022

Core sector output expands by 18.1% in May

he growth of eight core infrastructure sectors expanded by 18.1 percent in May against 16.4 percent in the year-ago period

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New Delhi: The growth of eight core infrastructure sectors expanded by 18.1 percent in May against 16.4 percent in the year-ago period, according to official data released on Thursday.

The output of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity had expanded by 9.3 percent in April 2022, the data showed. In May, the output of coal, crude oil, refinery products, fertiliser, cement and electricity rose by 25.1 percent, 4.6 percent, 16.7 percent, 22.8 percent, 26.3 percent and 22 percent, respectively.

The growth rate in the production of natural gas and steel slowed down by 7 percent and 15 percent in the month under review as compared to 20.1 percent and 55.2 percent, respectively in May 2021.

Cumulatively, during April-May 2022-23, the output of these eight sectors declined to 13. 6 percent as compared to 36.3 percent during April-May 2021-22.

(With PTI inputs)

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