Low base effect propels March core sector output to 32-month high


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The growth rate of the eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — was recorded at (-) 8.6 per cent in March last year.

Coal, crude oil, refinery products and fertiliser segments, meanwhile, recorded negative growth during the month under review.

The output of eight core sectors expanded by 6.8 per cent in March — the highest in 32 months — driven by a base effect-led uptick in production of natural gas, steel, cement and electricity, official data showed on Friday.

According to the data released by the Commerce and Industry Ministry on Friday, production of natural gas, steel, cement and electricity jumped 12.3 per cent, 23 per cent, 32.5 per cent and 21.6 per cent this March, as against (-) 15.1 per cent, (-) 21.9 per cent, (-) 25.1 per cent and (-) 8.2 per cent in March 2020, respectively.



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