te Index of Eight Core Industries in February rose at its slowest pace since December 2015 | Zee Business

Index of Eight Core Industries in February rose at its slowest pace since December 2015

Ministry of Commerce & Industry in a statement on Friday said that India's Index of Eight Core Industries stood at 180.1 in February 2017 rising by 1% as against the same month of last year. The index grew 4.4% between April 2016 to February 2017, data show. 

Index of Eight Core Industries in February rose at its slowest pace since December 2015
steel production rose by 8.7% iu February 2017. Pic: Reuters

Ministry of Commerce & Industry in a statement on Friday said that India's Index of Eight Core Industries stood at 180.1 in February 2017 rising by 1% as against the same month of last year. The index grew 4.4% between April 2016 to February 2017, data show. 

The ministry said that coal production in the given month rose 7.1%, crude oil declined by 3.4%, natural gas declined by 1.7% and refinery products fell 2.3% in February 2017 as against corresponding month of last year. 

Fertilisers, cement too fell by 5.3% and 15.8%, respectively while steel and electricity rose 8.7% and 1.5%, respectively. 

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source: tradingeconomics.com

Trading Economics said, "Infrastructure output in India went up 1% year-on-year in February of 2017, easing from a 3.4% rise in the previous month. It is the lowest gain since December of 2015."

 

Written By: ZeeBiz WebTeam
Updated: Fri, Mar 31, 2017
05:13 pm
Mumbai, ZeeBiz WebDesk
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