Core sector growth recovers to 38 pc in Dec
New Delhi Jan 31 PTI Production of eight infrastructure sectors expanded by 38 per cent in December 2021 against a 04 per cent contraction in the same month last year on better show by coal cement and refinery products according to the official data released on Monday Barring crude oil and steel all sectors recorded positive growth in December 2021 The core sector industries had grown by 34 per cent in November 2021 The growth rate of the eight infrastructure sectors — coal crude oil natural gas refinery products fertilisers steel cement and electricity — stood at 126 per cent during April-December this fiscal as against a negative growth of 98 per cent during the same period last fiscal According to the data production of coal rose by 52 per cent natural gas by 195 per cent refinery products by 59 per cent fertilisers by 35 per cent cement by 129 per cent and electricity by 25 per cent in December The output of crude oil and steel declined by 18 per cent and 1 per cent respectively during the period under review Commenting in the data ICRA Ltd Chief Economist Aditi Nayar said We expect the IIP to report a feeble rise of less than 2 per cent on a YoY basis in that month and print below the expansion displayed by the core sector for the fourth consecutive month The eight core industries hold 4027 per cent weight in the Index of Industrial Production IIP PTI RR MR MR
New Delhi Jan 31 PTI Production of eight infrastructure sectors expanded by 38 per cent in December 2021 against a 04 per cent contraction in the same month last year on better show by coal cement and refinery products according to the official data released on Monday Barring crude oil and steel all sectors recorded positive growth in December 2021 The core sector industries had grown by 34 per cent in November 2021 The growth rate of the eight infrastructure sectors — coal crude oil natural gas refinery products fertilisers steel cement and electricity — stood at 126 per cent during April-December this fiscal as against a negative growth of 98 per cent during the same period last fiscal According to the data production of coal rose by 52 per cent natural gas by 195 per cent refinery products by 59 per cent fertilisers by 35 per cent cement by 129 per cent and electricity by 25 per cent in December The output of crude oil and steel declined by 18 per cent and 1 per cent respectively during the period under review Commenting in the data ICRA Ltd Chief Economist Aditi Nayar said We expect the IIP to report a feeble rise of less than 2 per cent on a YoY basis in that month and print below the expansion displayed by the core sector for the fourth consecutive month The eight core industries hold 4027 per cent weight in the Index of Industrial Production IIP PTI RR MR MR
