Infrastructure industries experience decline in growth in August by 1.8%.

The recent data released by officials on Monday revealed a decline of 1.8% in the production of eight key infrastructure sectors in August this year. This was largely due to a decrease in the output of coal, crude oil, natural gas, refinery products, cement, and electricity. This comes as a stark contrast to the growth rate of 6.1% seen in July.

These core sectors, which include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity, had shown a significant growth of 13.4% in August of 2023. However, this growth has seen a sharp decline during this fiscal year, with only a 4.6% increase during the months of April to August. This is a significant drop from the 8% growth seen during the same period last fiscal year.

These eight core sectors are a crucial component of the Index of Industrial Production, which is used to measure the overall growth of the industrial sector. They contribute a significant 40.27% to this index, making their performance a key indicator of the overall industrial growth. This data, released by the Press Trust of India, highlights the current state of the Indian economy and the challenges it faces in terms of production and growth.

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