India's core sector growth slows down to 1.8% in January

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Growth of eight core sectors in India slowed down to 1.8% in January due to fall in output of crude oil, refinery products and electricity, official data showed.

Eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had expanded by 6.2% in January 2018.


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Production of crude oil, refinery products and electricity contracted by 4.3%, 2.6% and 0.4%, respectively, in January.

Growth rate of coal and cement sectors slowed to 1.7% and 11% in January as against 3.8% and 19.6% in January 2018, respectively.

However, natural gas, fertilisers and steel output grew by 6.2%, 10.5% and 8.2% respectively in the month under review.

Sluggish infrastructure sector growth would also have impact on the Index of Industrial Production (IIP) as these segments account for about 41% of the total factory output.

According to the Commerce and Industry Ministry data, during April-January 2018-19, the eight sectors recorded a growth rate of 4.5 per cent against 4.1 per cent in the same period of the previous fiscal.

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