(MENAFN- KNN India) After contracting the month before, the combined output of eight crucial infrastructure sectors rose by a slight 0.9 per cent in December.
Data released by the ministry of Commerce and Industry on Thursday showed the eight core industries - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity - grew by a cumulative 1.9 per cent in the months leading up to December in the current financial year 2015-16.
The industries, carrying a total weight of nearly 38 per cent in the Index of Industrial Production (IIP), continue to be hit by falling international crude oil prices coupled with weakening global consumer and industrial demand, said the data.
Data further said that the core sector growth had contracted for the first time in seven months in November after maintaining steady growth at 3.2 per cent in the two months before.
The December figures were brought on by continued and accelerating decline in crude oil, natural gas. However, coal production and electricity generation linked to it, both recovered significantly to manage a slight uptick in overall figures. (KNN Bureau)
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