The growth of eight core sectors slowed down to 2.1 per cent in February due to fall in output of crude oil and refinery products, official data showed Monday. Eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had expanded by 5.4 per cent in February 2018.
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Watch Core sector growth slows down to 2.1 per cent YoY in February With HD Quality.
The growth of eight core sectors slowed down to 2.1 per cent in February due to fall in output of crude oil and refinery products, official data showed Monday. Eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had expanded by 5.4 per cent in February 2018.
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Watch Core sector growth slows down to 2.1 per cent YoY in February With HD Quality
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Growth of eight core sectors slowed down to 2.6 per cent in December 2018 on account of negative growth in expansion of crude oil, refinery products and fertilisers. According to Commerce and Industries ministry, coal, natural gas and steel output grew by 0.9 per cent, 4.2 per cent and 13.2 per cent, respectively. During April-December 2018-19, the eight sector recorded a growth of 4.8 per cent as compared to 3.9 per cent in same period of previous fiscal.
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On account of the negative impact of the second wave of Covid-19, Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial to 9.3 per cent, from the 13.7 per cent projected earlier.
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Moody's cuts India's GDP growth forecast to 9.3 per cent from 13.7 per cent for fiscal 2021
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New Delhi: India's GDP growth has slowed down to 6.6 per cent in the December quarter, as per the latest government data. The growth rate is below expectations. While speaking to ANI on this issue, Congress leader Kapil Sibal said, “It’s a very shocking state of affairs, that after an absolute majority they had a free run on the economy, they could have brought in some radical changes but they lost out these opportunities
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