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Growth of eight core industries declines by 0.5% in Aug

Oct 01, 2019 10:07 IST

The index of eight core industries declined by 0.5% in August as output of coal, crude oil, natural gas, petroleum, cement and electricity plunged year on year. According to the official data, April-August growth of eight core industries stood at 2.4% against 5.7% registered a year ago. The growth of the core sectors stood at 2.7% in July. Coal, crude oil, natural gas, cement, and electricity recorded negative growth, however, fertiliser, petroleum refinery and steel production are the only three sectors that saw growth during the month.

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