Index of Eight Core Industries in February rose at its slowest pace since December 2015
Ministry of Commerce & Industry in a statement on Friday said that Indias Index of Eight Core Industries stood at 180.1 in February 2017 rising by 1% as against the same month of last year. The index grew 4.4% between April 2016 to February 2017, data show.
Ministry of Commerce & Industry in a statement on Friday said that India's Index of Eight Core Industries stood at 180.1 in February 2017 rising by 1% as against the same month of last year. The index grew 4.4% between April 2016 to February 2017, data show.
The ministry said that coal production in the given month rose 7.1%, crude oil declined by 3.4%, natural gas declined by 1.7% and refinery products fell 2.3% in February 2017 as against corresponding month of last year.
Fertilisers, cement too fell by 5.3% and 15.8%, respectively while steel and electricity rose 8.7% and 1.5%, respectively.
Trading Economics said, "Infrastructure output in India went up 1% year-on-year in February of 2017, easing from a 3.4% rise in the previous month. It is the lowest gain since December of 2015."
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