close
Breaking news

A new line of argument has already come to dominate the public sphere: it’...read more The government has gone one step further to detect community spread of the coro...read more The government has issued an order to abolish the six allowances, including the...read more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected pe...read more SEOUL| South Korea’s unemployment rate was unchanged in April as the coronavi...read more Amid the outbreak of Corona pandemic in the country, Indian government has been...read more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated ...read more Corona infection in the country is taking a macabre form. So far, more than 74 ...read more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP Chi...read more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh cror...read more

Growth in Core sector remains muted at 2.1% in July

Growth in India’s eight infrastructure industries, which make up for two-fifth of the index of industrial production (IIP), dropped to 2.1% in July compared to 7.3% in the same month a year ago due to contraction in the output of coal, crude oil, natural gas and refinery products, official data showed on Monday. Energy consumption is usually considered a proxy for standard of living.

However, the silver lining is that July output of the eight core industries is an improvement from the 0.7% growth in June, which was revised upwards. June output growth was earlier reported at 0.2%.

During April-July, the eight sectors grew 3% compared to 5.9% in the same period a year ago.

Tags: , ,

Story Page

Download Our Mobile App