City
Epaper

January core sector growth at 2.2 pc, crude oil drags

By ANI | Updated: February 28, 2020 17:45 IST

The eight core industries grew at 2.2 per cent in January against 2.1 per cent month-on-month, showed the government data released on Friday.

Open in App

New Delhi [India], Feb 28 : The eight core industries grew at 2.2 per cent in January against 2.1 per cent month-on-month, showed the government data released on Friday.

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

"The combined index of eight core industries stood at 137.5 in January 2020, which increased by 2.2 per cent as compared to the index of January 2019," according to an official statement released by the Ministry of Commerce and Industry.

"Its cumulative growth during April 2019 to January 2020 was 0.6 per cent," it added.

However, crude oil production declined by 5.3 per cent in January 2020 over January 2019. Its cumulative index declined by 6 per cent during April to January 2019-20 over the corresponding period of previous year.

( With inputs from ANI )

Open in App

Related Stories

BusinessIndo German Carbons Limited Strengthens Brand Protection Measures Following Repeated Trademark Infringement

BusinessIndian Stock Market Recovers After US Ambassador’s Trade Deal Remarks; Sensex Up 1,000 Points, Nifty Reclaims 25,800

InternationalSouth Korea: Police, military launch joint probe into North Korea's claim of drone incursion

InternationalTiming of German Chancellor Merz's India visit particularly significant: Foreign Secy Vikram Misri

BusinessIndia to be invited to join US-led Pax Silica tech initiative: Ambassador Sergio Gor

कारोबार Realted Stories

BusinessThe Biggest Gap in Stock Market Education: How StockSprint Is Bridging Capital, Discipline, and Real-Market Exposure

BusinessInvestor Home Solutions (IHS) Sets a New Benchmark for Investor Engagement in Ultra-Luxury Real Estate

Business'Constructive' outlook on Indian equities amid private capex recovery, public infra spending

BusinessMP sets ambitious target; increase startups from 6,500 to 10,000 in 18 months

BusinessIndia-Germany economic ties to enter 'Limitless' phase in strategic sectors: PM Modi