8 core sector industries post 3.6% growth in March

New Delhi: The output of eight infrastructure sectors registered a growth of 3.6 percent in March 2023, the slowest in five months, showed government data released on Friday. The output of core sectors had increased by 7.2 percent in February 2023 and 4.8 percent in the year-ago month. The previous low was 0.7 percent in October 2022.

Production in core industries

The output of crude oil declined by 2.8 percent, power by 1.8 percent, and cement by 0.8 percent in March this year. On the other hand, coal production recorded an increase of 12.2 percent, fertilisers 9.7 percent, steel 8.8 percent, natural gas 2.8 percent, and refinery products 1.5 percent.

Growth rate of 8 infra sectors

The growth rate of eight infrastructure sectors including, coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity stood at 7.6 percent in FY23, down from 10.4 percent recorded in 2021-22.
The core sector or key infrastructure industries have a 40.27 percent weight in the overall index of industrial production (IIP).

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