New Delhi: Due to the recession in the country, many industries are stagnating. Despite the announcement of the government's relief measures, there is no significant impact. A government figure also confirmed the slowdown in the country. According to the data, the growth rate of eight core sectors (infrastructure output) has been recorded in the month of July. The growth rate in the eight core sectors in July was 2.1 percent.
Whereas it was 7.3 percent in the same month last year. Infrastructure output consists of eight sectors such as coal, crude oil, and electricity. They account for about 40 percent of India's total industrial output. According to these figures, the reduction in the growth rate of eight core sectors was due to contraction in coal, crude oil, natural gas, and refinery products.
The eight-core sector industries include coal, crude oil, natural gas, refinery products, fertilizer, steel, cement, and electricity. There has been negative growth in the production of coal, crude oil, natural gas, and refinery products in July. In the period from April to July, the growth rate in these eight sectors has been 3 percent, compared to 5.9 percent in the same period last year. It is all based on government data.
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