June core industries growth slows to 3% vs 4.4% in May

Source: Economic Times

Country’s core industries growth slowed to 3 per cent in June, on the back of a sharp slowdown in electricity production, government data showed on Friday.

Output had grown 4.4 per cent year-on-year in May.

Electricity production expanded an annual 0.2 per cent last month, sharply slower than 5.5 per cent in May.

The infrastructure sector accounts for nearly 38 percent of India’s industrial output.

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