Eight infrastructure industries posted a seven-month high growth rate of 3.7% in August on the back of good performance by power, cement, steel and fertilizer sectors. The growth of the core sectors was, however, lower as compared to 6.1% recorded in the same month last year, according to official data released here on Monday.
The core industries — which also include coal, natural gas, refinery products and crude oil, having a weight of about 38% in the Index of Industrial Production (IIP).
During the April-August period of 2013-14 fiscal, the growth of core industries has slowed to 2.3% from 6.3% in the same period during 2012-13.
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