Coal Production Falls by 6.8%, Crude Oil Output Too Reduces
New Delhi: India's core infrastructure sector saw a three-month high of 1.7 per cent in June, increasing from 1.2 per cent in May.
However, according to data released by the Ministry of Commerce and Industry on Monday (July 21), the output of five important sectors including coal, crude oil, natural gas, fertiliser, and electricity recorded a negative growth in June, reported Economic Times.
The sectors which recorded a positive growth included refinery products (3.4 per cent), steel (9.3 per cent), and cement (9.2 per cent).
On the other hand, coal production fell by 6.8 per cent in June, while crude oil output too reduced by 1.2 per cent. Natural gas and fertiliser output also decreased by 2.8 per cent and 1.2 per cent in June, respectively.
At the same time, electricity generation too reduced 2.8 per cent year-on-year in June.
The combined individual performance in terms of output by eight core industries including coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity is reflected by the Index of Core Industries. These eight make up 40.27 per cent of the total weight of India's Index of Industrial Production (IIP).
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