1/06/2023 11:12:38 AM | Source: IANS
Growth of eight key infrastructure sectors slides to 6-month low of 3.5% in April
The eight key infrastructure sectors' growth slid to a six-month low of 3.5 per cent in April 2023, mainly owing to a fall in crude oil production, natural gas, refinery products, and electricity.
The core sector growth was 9.5 per cent in April 2022, though in March 2023, the key infrastructure sectors had recorded a growth rate of 3.6 per cent.
The growth rate in April 2023 is the lowest since October 2022 when the sectors had witnessed a growth of 0.7 per cent.
Coal production growth fell to 9 per cent in April 2023, as per the official data released on Wednesday.
Meanwhile, fertiliser production rose by 23.5 per cent, steel by 12.1 per cent and cement output by 11.6 per cent in April, the data indicated.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
The Nifty shredded 320 points to settle at 23,025 - ...
Daily Technical Outlook By Axis Securities Ltd
Daily Derivatives Report By Axis Securities Ltd
Daemyung Sono Group moves to acquire T'way Air
Nifty Retreats from 23,400 Resistance, Tests 23,000 ...
World at a critical inflection point, 2025 a year of...
Avenue Supermarts gains on opening new store in Amri...
Nifty opened with an upward gap and traded with extr...
HCL Technologies gains on launching new center in Hy...
South Korean battery firms make record investments a...
