Agency, New Delhi.
Published by: Dev Kashyap
Updated Tue, 01 Mar 2022 06:20 AM IST
Summary
In the corresponding period of last fiscal, the output of basic industries declined by 8.6 per cent. According to the data, coal production grew by 8.2 per cent in January, while natural gas production grew by 11.7 per cent.
The output of the country’s eight basic industries grew by 3.7 per cent in January 2022. The growth rate of basic industries in the same period a year ago was 1.3 per cent. According to official data released on Monday, the output of basic industries has been better on the back of better performance of coal, natural gas and cement sectors.
However, crude oil and fertilizer production declined in January. The output of basic industries grew by 4.1 per cent in December 2021. Eight core industries — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and power — grew at 11.6 per cent during the first 10 months of the current fiscal, ie April-January.
Due to this, the output of basic industries declined by 8.6 per cent in the same period of the previous financial year. According to the data, coal production grew by 8.2 per cent in January, while natural gas production grew by 11.7 per cent. Besides, refinery products rose 3.7 per cent and cement by 13.6 per cent on increased demand for oil.
Expansion
The output of the country’s eight basic industries grew by 3.7 per cent in January 2022. The growth rate of basic industries in the same period a year ago was 1.3 per cent. According to official data released on Monday, the output of basic industries has been better on the back of better performance of coal, natural gas and cement sectors.
However, crude oil and fertilizer production declined in January. The output of basic industries grew by 4.1 per cent in December 2021. Eight core industries — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and power — grew at 11.6 per cent during the first 10 months of the current fiscal, ie April-January.
Due to this, the output of basic industries declined by 8.6 per cent in the same period of the previous financial year. According to the data, coal production grew by 8.2 per cent in January, while natural gas production grew by 11.7 per cent. Besides, refinery products rose 3.7 per cent and cement by 13.6 per cent on increased demand for oil.