Current Affairs- 29 APRIL 23
Core sectors’ output dipped to 5month low of 3.6% in March(PG 1)(GS 3)
Current Affairs- 29 APRIL 23
•Growth in India’s eight core sectors’ output fell to a fivemonth low of 3.6% in March, from 7.2% in February,
•with electricity and cement production slipping from a year ago,
• and crude oil output falling for the tenth successive month.
• Coal production jumped 12.2% in March,
•while fertilizers and steel output grew 9.7% and 8.8% respectively — relatively slower than recent months — as per data released by the Commerce and Industry Ministry on Friday.
•For the full financial year 202223, core sectors saw a 7.6% growth compared to 10.4% in 202122, with all sectors reporting higher production except crude oil, which shrank 1.7% during the year.
• In March, growth in natural gas production was down to 2.8%, the lowest in three months.
• Refinery products grew at a fourmonth low pace of 1.5%. Cement output contracted 0.8% in March, breaking the growth streak in the last four months.