Core sector growth slows at 2.4% in December

Zee Media Bureau

New Delhi: The growth rate of eight core sector industries slowed down at 2.4 percent in December, government data showed on Monday.

The eight core sector industries -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity – registered cumulative growth during April to December, 2014-15 at 4.4 percent.

Crude Oil production declined by 1.4 percent in December, 2014 over December, 2013 while Natural Gas production declined by 3.5 percent in December.

The core sector contributes 38 per cent in the overall industrial production, a parameter that RBI takes into account while framing its monetary policy.