Growth of core sectors slows down to 2.1% in July as against 7.3% last year

business

Updated: Jun 25, 2020 14:16 IST

Growth of eight core industries dropped to 2.1 per cent in July mainly due to a contraction in coal, crude oil, natural gas and refinery products, according to an official data.

The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.3 per cent in July last year.

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According to the data released by the government on Monday, output of coal, crude oil, natural gas and refinery products recorded negative growth in July.

During April-July, the eight sectors grew by 3 per cent compared to 5.9 per cent in the same period previous year.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)