India’s eight core industries show 2.1% growth in Feb 2019

New Delhi, Apr 2 (KNN) India’s eight core industries grew at the rate of 2.1% in February as compared to the corresponding month last year, said a release by the Ministry of Commerce & Industry.

The combined Index of Eight Core Industries that includes coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity, stood at 125.8 in February, 2019. Its cumulative growth during April to February, 2018-19 was 4.3per cent.

During February 2019, production of steel grew by 4.9 % whereas production of electricity was just increased by 0.7%.

In fertilizer and natural gas, the growth were reported to be 2.5 per cent and 3.8 per cent respectively in February 2019.

The highest output growth during February 2019 was registered in coal and cement sectors at 7.3 per cent and 8 per cent, respectively.

However, petroleum refinery production declined by 0.8 per cent in February, 2019 over February, 2018. Its cumulative index increased by 3.0 per cent during April to February, 2018-19 over the corresponding period of previous year.