The growth of 8 core Infrastructure Sectors slowed down for the reason that growth in crude oil, natural gas and fertilizer recorded negative.
According to the Indian government’s data, the growth rate of India’s core infrastructure sectors is slowing down.
In April 2019, the growth of 8 core infrastructure sectors slowed down to 2.6%
What factors led to poor growth?
The growth of 8 core infrastructure sectors slowed down for the reason that growth in Crude Oil, Natural Gas and fertilizer recorded negative, the data released by the Indian Government stated.
During April 2018, the expansion rate of 8 infrastructure sectors coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity stood at 4.7%.
Coal generation growth was flat at 2.8% in April, 2019. The output of electricity was 5.8% and refinery products was 4.3% respectively.
Crude oil, natural gas, and fertilizers sectors posted decline in growth during the month of April.
The infrastructure sector growth has a significant impact on the Index of Industrial Production (IIP) because it accounts for nearly 41% of the total factory output.
