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India's core sector growth hits 15-month low of 3.6percent in January

  • India's eight core sectors posted a growth of 3.6 percent in January, according to data released by the Ministry of Commerce and Industry on February 29.

  • At 3.6 percent, the growth in India's eight key infrastructure industries - coal, crude oil, steel, cement, electricity, fertilisers, refinery products and natural gas – in the first month of 2024 is the lowest in 15 months.

  • In December 2023, core sector growth had printed in at 3.8 percent. The commerce ministry, on February 29, revised this figure up to 4.9 percent.

  • The output of the eight core sectors had grown by 9.7 percent in January 2023.

  • In April 2023-January 2024, the output of India's eight core industries was 7.7 percent higher year-on-year as against 8.3 percent in the first 10 months of 2022-23.

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