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Eight core sectors growth slows to 2.1 per cent in July

The eight core-sector industries – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity – had expanded by 7.3 per cent in July last year.

Eight core sectors growth slows to 2.1 per cent in July

Steel Foundry. (Photo: iStock)

Growth of eight core industries dropped to 2.1 per cent in July mainly due to a contraction in coal, crude oil, natural gas and refinery products, according to an official data.

The eight-core sector industries – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity – had expanded by 7.3 per cent in July last year.

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According to the data released by the government on Monday, the output of coal, crude oil, natural gas and refinery products recorded negative growth in July.

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During April-July, the eight sectors grew by 3 per cent compared to 5.9 per cent in the same period the previous year.

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