Core sector data for the month of March came in at 3.6% slowing from 7.2% in February.
Meanwhile, for FY23 core sector growth was 7.6% vs 10.4% in the previous year.
The core sector index measures combined and individual performance of production of eight core industries - Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. Together has a 40.27% of the overall Index of Industrial Production.
Coal sector production increased by 12.2% in March, steel and Fertilizers production increased by 8.8% and 9.7% respectively. While natural gas production was up 2.8% and petroleum refinery products was up 1.5%.
Sectors that saw a decline in production include Electricity, cement and natural gas, by 1.8%, 0.8% and 2.8% respectively.