India’s eight core industries contracted by 0.4% in April 2015 when compared with April 2014. In the corresponding month in 2014, output increased by 5.7%. The decline follows negative growth in March 2015, when output of the eight core sectors dropped 0.1%.
Only two of the eight core sectors experienced growth, with coal output up 7.9% on April 2014, and steel up 0.6%.
Cement output fell by 2.4%, while electricity generation declined by 1.1%. Crude oil, refinery products, and natural gas contracted by 2.7%, 2.9%, and 3.6%, respectively. Fertilizer output was 0.04% lower than in April 2014.
Edited from various sources by Louise Fordham
Read the article online at: https://www.worldcement.com/asia-pacific-rim/02062015/india-core-sector-contracts-april-2015-941/