In September 2023, the growth rate of eight key infrastructure sectors in India witnessed a slowdown, reaching a four-month low of 8.1%. This decline is notable compared to the 8.3% growth recorded in the same month the previous year. Several of these sectors experienced deceleration, with crude oil output registering negative growth.
1. Refinery Products:
2. Fertiliser:
3. Cement:
4. Electricity:
5. Crude Oil:
Previous Low in May: The last time these sectors experienced such a low growth rate was in May, with a growth rate of 5.2%.
Comparison with August: In August, the core sector experienced a substantial growth of 12.5%, the highest since June 2022, when it reached 13.2%.
April to September 2023-24: For the period of April to September 2023-24, the combined growth of these eight sectors was 7.8%, a notable decrease from the 9.8% growth recorded in the same period the previous year.
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