The growth of 8 core Infrastructure Sectors slowed down for the reason that growth in crude oil, Natural Gas and fertilizer recorded negative.
In April 2019, the growth of 8 core infrastructure sectors slowed down to 2.6%
What factors led to poor growth?
During April 2018, the expansion rate of 8 infrastructure sectors coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity stood at 4.7%.
Coal generation growth was flat at 2.8% in April, 2019. The output of electricity was 5.8% and refinery products was 4.3% respectively.
Crude oil, natural gas, and fertilizers sectors posted decline in growth during the month of April.
The infrastructure sector growth has a significant impact on the Index of Industrial Production (IIP) because it accounts for nearly 41% of the total factory output.