Output of eight infrastructure industries grew 3.6% in March 2023 at nearly half the pace it had expanded in the month before and at its slowest pace since October as crude oil, cement and electricity sectors saw a contraction, official data showed, indicating the impact of unseasonal rains.
Core sector output had expanded at 4.3% in March 2022.
Output of core sectors had increased by 7.2% in February 2023. The previous low was 0.7% in October 2022, according to official data released by the Ministry of Commerce and Industry on Friday. The output of crude oil contracted by 2.8%, power by 1.8% and cement by 0.8% in March this year.
On the other hand, output of coal recorded an increase of 12.2%, fertilisers by 9.7%, steel by 8.8%, natural gas by 2.8% and refinery products by 1.5%, the data showed.
Diese Geschichte stammt aus der April 29, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der April 29, 2023-Ausgabe von Mint Mumbai.
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