Moneycontrol PRO
HomeNewsBusinessEconomyEight core industries' output up 0.1% in January

Eight core industries' output up 0.1% in January

The core sectors had expanded by 2.2 percent in January 2020, according to the provisional data released by the Commerce and Industry Ministry on Friday.

February 26, 2021 / 17:39 IST
Representative image

The output of eight core infrastructure sectors grew marginally by 0.1 percent in January, mainly due to growth in the production of fertiliser, steel and electricity.

The core sectors had expanded by 2.2 percent in January 2020, according to the provisional data released by the Commerce and Industry Ministry on Friday.

Coal, crude oil, natural gas, refinery products, and cement recorded negative growth in January.

However, the output of fertiliser, steel and electricity in January grew by 2.7 percent, 2.6 percent and 5.1 percent, respectively.

During April-January 2020-21, the sectors’ output declined by 8.8 percent against a growth rate of 0.8 percent in the same period of the previous year.

The eight core industries constitute 40.27 percent of the Index of Industrial Production.

PTI
first published: Feb 26, 2021 05:38 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347