Growth of core sector industries plunged to eight-month low of 1.9% in September as output in crude oil, natural gas and fertilizer declined, raising concerns of subdued industrial production numbers. The eight core sectors -coal, crude oil, natural gas, refinery products, fertilizer, steel, cement and electricity -grew by 9% in September last year.
The growth stood at 5.8% in August this year. Production in crude oil, natural gas, refinery products and fertilizer has registered a drop of 1.1%, 6.2%, 2.5% and 11.6%, respectively , in September.
The growth stood at 5.8% in August this year. Production in crude oil, natural gas, refinery products and fertilizer has registered a drop of 1.1%, 6.2%, 2.5% and 11.6%, respectively , in September.
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