Eight key infrastructure sectors’ growth rises to 6.2% in April

03 Jun 2024 Evaluate

The Ministry of Commerce & Industry in its latest data has showed that eight key infrastructure sectors’ growth rose to 6.2 per cent in April on healthy expansion in the production of natural gas, refinery products and electricity. The production of eight sectors grew by 6 per cent in March. The growth of these core sectors - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - was 4.6 per cent in April 2023. As per the data, fertiliser output recorded negative growth in April. The eight core sectors contribute 40.27 per cent to the country’s Index of Industrial Production (IIP).

Cement production having 5.37 per cent weight increased by 0.6 per cent in April, 2024 over April, 2023, and its cumulative index increased by 9.0 per cent during 2023-24 over corresponding period of the previous year. Coal production having 10.33 per cent weight increased by 7.5 per cent in April, 2024 over April, 2023, and its cumulative index increased by 11.8 per cent during 2023-24 over corresponding period of the previous year. Crude Oil production having 8.98 per cent weight increased by 1.6 per cent in April, 2024 over April, 2023, and its cumulative index increased by 0.6 per cent during 2023-24 over corresponding period of the previous year.

Electricity generation having 19.85 per cent weight increased by 9.4 per cent in April, 2024 over April, 2023, and its cumulative index increased by 7.1 per cent during 2023-24 over corresponding period of the previous year. Natural Gas production having 6.88 per cent weight increased by 8.6 per cent in April, 2024 over April, 2023, and its cumulative index increased by 6.1 per cent during 2023-24 over corresponding period of the previous year. Petroleum Refinery production having 28.04 per cent weight increased by 3.9 per cent in April, 2024 over April, 2023, and its cumulative index increased by 3.6 per cent during 2023-24 over corresponding period of the previous year.

Steel production having 17.92 per cent weight increased by 7.1 per cent in April, 2024 over April, 2023, and its cumulative index increased by 12.4 per cent during 2023-24 over corresponding period of the previous year. However, fertilizer production having 2.63 per cent weight declined by 0.8 per cent in April 2024 over April, 2023, and its cumulative index increased by 3.7 per cent during 2023-24 over corresponding period of the previous year.

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