NEW DELHI: Development within the nation’s key infrastructure sector slowed to a 15-month low in January, dragged down by contractions in refinery merchandise and fertilisers, whereas metal and cement sectors remained sturdy.
Knowledge launched by the commerce and business ministry on Thursday confirmed eight core sectors, spanning coal, crude oil, pure fuel, refinery merchandise, fertilisers, metal, cement and electrical energy, grew 3.6% in January, slower than 4.9% within the earlier months and beneath 9.7% recorded in January final 12 months.
“Core sector progress slid to a 15 month low of three.6% in January 2024, with contractions rising in refinery merchandise and fertilisers, and a sub-1% rise in pure fuel. Encouragingly, the opposite 5 elements displayed a moderate-to-healthy enlargement, starting from 5.2% to 10.2% in January 2024,” stated Aditi Nayar, chief economist at ICRA.
Separate information confirmed fiscal deficit at January-end was at Rs 11 lakh crore or 63.6% of the revised annual estimates, narrower than 67.8% within the corresponding interval final 12 months.
Knowledge launched by the commerce and business ministry on Thursday confirmed eight core sectors, spanning coal, crude oil, pure fuel, refinery merchandise, fertilisers, metal, cement and electrical energy, grew 3.6% in January, slower than 4.9% within the earlier months and beneath 9.7% recorded in January final 12 months.
“Core sector progress slid to a 15 month low of three.6% in January 2024, with contractions rising in refinery merchandise and fertilisers, and a sub-1% rise in pure fuel. Encouragingly, the opposite 5 elements displayed a moderate-to-healthy enlargement, starting from 5.2% to 10.2% in January 2024,” stated Aditi Nayar, chief economist at ICRA.
Separate information confirmed fiscal deficit at January-end was at Rs 11 lakh crore or 63.6% of the revised annual estimates, narrower than 67.8% within the corresponding interval final 12 months.
