NEW DELHI: Progress within the nation’s key infrastructure sector slowed to a 15-month low in January, dragged down by contractions in refinery merchandise and fertilisers, whereas metal and cement sectors remained sturdy.Information launched by the commerce and business ministry on Thursday confirmed eight core sectors, spanning coal, crude oil, pure gasoline, refinery merchandise, fertilisers, metal, cement and electrical energy, grew 3.6% in January, slower than 4.9% within the earlier months and beneath 9.7% recorded in January final yr.”Core sector growth slid to a 15 month low of 3.6% in January 2024, with contractions emerging in refinery products and fertilisers, and a sub-1% rise in natural gas. Encouragingly, the other five components displayed a moderate-to-healthy expansion, ranging from 5.2% to 10.2% in January 2024,” mentioned Aditi Nayar, chief economist at ICRA.Separate knowledge confirmed fiscal deficit at January-end was at Rs 11 lakh crore or 63.6% of the revised annual estimates, narrower than 67.8% within the corresponding interval final yr.
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