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Eight core infrastructure sectors record flat growth at 6% in Feb

Eight core infrastructure sectors record flat growth at 6% in Feb

Production of 8 infrastructure sectors recorded an nearly flat increase fee of 6 percentage in February as towards five.nine percentage withinside the identical month final year, in line with professional facts launched on Friday.

The increase in February is lowest withinside the final 3 months. The output of middle sectors had expanded through eight.nine percentage in January 2023 and seven percentage in December 2022. It became five.7 percentage in November 2022.

Barring crude oil, all of the segments published an boom in manufacturing. Crude oil output shrunk through 4.nine percentage in February.

The increase fee of 8 infrastructure sectors -- coal, crude oil, herbal fueloline, refinery merchandise, fertilisers, steel, cement and electricity -- stood at 7.eight in step with cent in April-February this monetary as towards 11.1 in step with cent for the duration of the identical duration final monetary.

Core quarter or key infrastructure industries, that have a 40.27 in step with cent weight withinside the standard index of business manufacturing (IIP), might have a relating business manufacturing facts for the month.

The ministry stated that the manufacturing of fertilizers, coal, electricity, cement, steel, refinery merchandise and herbal fueloline expanded in February 2023 over the corresponding month of final year.

Coal manufacturing expanded through eight.five in step with cent in February. Fertilizers output too rose through 22.2 in step with cent.

However, increase fee withinside the output of herbal fueloline and refinery merchandise have bogged down withinside the month below review.

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