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NEW DELHI: Growth in the eight key infrastructure sector remained stable in May, although electricity generation, crude oil and natural gas production contracted.
Data released by the commerce and industry ministry on Friday showed eight core infrastructure sectors, spanning coal, crude oil, natural gas, fertilisers, steel, cement, petroleum refinery products and electricity, rose an annual 4.3% in May, similar to the expansion in the previous month. In May last year, the sector grew by 19.3%.
The eight core sectors account for about 41% of the index of industrial production data . Cement and steel production remained robust during the month, indicating a strong demand from the infrastructure sector. Steel production increased by 9.2% in May.
Separate data released by the Controller General of Accounts (CGA) showed fiscal deficit of the Centre at May-end was 11.8% of the full year target at Rs 2.1 lakh crore.
Data released by the commerce and industry ministry on Friday showed eight core infrastructure sectors, spanning coal, crude oil, natural gas, fertilisers, steel, cement, petroleum refinery products and electricity, rose an annual 4.3% in May, similar to the expansion in the previous month. In May last year, the sector grew by 19.3%.
The eight core sectors account for about 41% of the index of industrial production data . Cement and steel production remained robust during the month, indicating a strong demand from the infrastructure sector. Steel production increased by 9.2% in May.
Separate data released by the Controller General of Accounts (CGA) showed fiscal deficit of the Centre at May-end was 11.8% of the full year target at Rs 2.1 lakh crore.
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