Core sectors’ growth slips to six-month low of 3.5% in April

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Key Points

Indias eight core sectors output growth slid from 3.6% in March to 3.5% in April, marking the slowest pace in six months with half of the sectors, including electricity and natural gas, reporting a contraction...

Natural gas output dropped 2.8% and refinery products plummeted 1.5% the first such decline since November 2022 for both these sectors...

Steel production grew 12.1% in April, the swiftest pace in three months, while fertilisers production accelerated 23.5%, marking the highest growth in over a year..

In April 2022, the core sectors had reported a 9.5% rise in production levels, with all sectors except crude oil, clocking higher volumes..

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