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(Current Affairs) Economy & Energy | March: 2017

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Economy

Core sector grew at 5.6% in december

  • The eight core industries registered a growth of 5.6% in December 2016 on the back of healthy output recorded by refinery products and steel.
  • The growth rate of eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — was 2.9% in December 2015. It stood at 4.9% in November 2016.
  • The core sectors, which contribute 38% to the total industrial production, expanded 5% in April – December 2016 compared with 2.6% growth in the same period in the last financial year.
  • Refinery products and steel production jumped 6.4% and 14.9%, respectively, during the month under review.
  • However, crude oil, fertiliser, natural gas and cement output reported contraction. Coal output declined by 4.4% in December 2016 from 5.3% in the same month previous year.
  • Similarly, electricity generation, too, dipped by 6% as compared with 8.8% in December 2015.

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