Core sector growth rises to 8.5% in April
The industrial output of eight core sectors – coal, cement, crude oil, natural gas, steel, refinery products, fertilisers and electricity – expanded by 8.5% year-on-year in April. Petroleum refinery production saw the highest growth rate at 17.9% followed by electricity generation at 14.7%. The eight sectors, accounting for 38% of India’s industrial production, had witnessed 6.4% growth in March.