India's core sector growth hits 5-month low of 3.6 pct in March

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India's core sector growth hits 5-month low of 3.6 pct in March

STORY: India's core sector growth hits 5-month low of 3.6 pct in March DATELINE: April 30, 2023 LENGTH: 00:01:41 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. shot of India gate 2. shots of plants 3. shots of oil storage tank 4. shots of coal mine STORYLINE: India's core sector, comprising eight key infrastructure industries, registered a growth of 3.6 percent in March 2023, the slowest in five months, according to the Ministry of Commerce & Industry. According to data, the growth rate in India's core infrastructure industries stood at 7.2 percent in February 2023. The previous low of 0.7 percent was recorded in October 2022. The output of crude oil declined by 2.8 percent, power by 1.8 percent, and cement by 0.8 percent in March this year, while coal production recorded an increase of 12.2 percent, fertilizers by 9.7 percent, steel by 8.8 percent, natural gas by 2.8 percent, and refinery products by 1.5 percent. India's infrastructure sectors, which include coal, crude oil, natural gas, refinery p

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