Tuesday, September 21, 2021
HomeBusinessGrowth of 8 infrastructure sectors slow down to 4.3%

Growth of 8 infrastructure sectors slow down to 4.3%

Due to the decline in the production of crude oil and natural gas, the growth of eight infrastructure sectors has slowed down to 4.3 per cent in September this year, the Ministry of Commerce and Industry stated.

According to the data released on Wednesday, Fertiliser grew by 2.5 per cent; cement by 11.8 per cent; and electricity output grew by 8.2 per cent.

However, the growth of coal declined to 6.4 per cent, refinery products to 2.5 per cent and steel sectors fell to 3.2 per cent. The output of crude oil has also dipped by 4.2 per cent and natural gas by 1.8 per cent in the month under review.

Earlier, the lowest growth rate was in May 2018 when the core sectors expanded at just 4.1 per cent. Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 4.7 per cent in September last year. These comprise more than 40 per cent of the weight of items included in the Index of Industrial Production.

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