New Delhi:
Production from eight infrastructure sectors rose 5.4 percent in November, up from 3.2 percent growth in the same month last year on a better show by the coal, fertilizer, steel, cement and power segments, according to official data released today. have been released.
However, crude oil, natural gas and refinery products experienced negative growth in November this year. Output growth in eight key sectors slowed to 0.9 percent in October.
The growth rate of eight infrastructure sectors – coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and power – was 8 percent in April-November this fiscal year compared to 13.9 percent in the same period last year. fiscal.
Coal production increased by 12.3 percent in November 2022, fertilizer by 6.4 percent, steel by 10.8 percent, cement by 28.6 percent and electricity by 12.1 percent from a year ago.
Core sectors, which have a weight of 40.27 percent in the general index of industrial production (IIP), would also impact industrial production data.
November IIP data is expected to be released by the government in the second week of January 2023
(Except for the headline, this story has not been edited by DailyExpertNews staff and is being published from a syndicated feed.)
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