Growth in India’s core sector rose to 6.2% in April, beating March’s 6%

New Delhi: Thanks to good results in the production of natural gas, refined products and electricity, the growth of eight key infrastructure sectors increased to 6.2% in April, and the production of eight sectors increased by 6% in March, according to official data published by the Central Statistical Office. – the Ministry of Trade and Industry announced on Friday.

The data showed that growth was up from a revised 6%. recorded in the previous month. The eight main sectors include coal, petroleum, natural gas, energy, refined products, steel, cement and fertilizers. “Coal production increased by 7.5 percent and electricity production increased by 9.4 percent. In March, coal production increased by 8.7% and electricity production by 8.6%. – according to the ministry’s data.

“Similarly, steel production increased by 7.1% in March. year to year, compared to 6.4 percent a month earlier, while natural gas production recorded an increase of 8.6% in April, while in the previous month it increased by 6.3%. Moreover, cement production increased by only 0.6% in April 2024. compared to April 2023.” – results.

The data also showed that refined petroleum products also increased by 3.9%. in April 2024 compared to April 2023, but fertilizer production decreased in April 2024 by 0.8%. compared to April 2023 – he added.

Meanwhile, the central government’s budget deficit for 2023-24 was a minimum of 5.63%. GDP, which is more than 5.8 percent. estimated in the Union Budget, according to official data released on Friday. Data released by the Auditor General of India shows that the actual fiscal deficit, i.e. the gap between expenditure and revenue, was Rs 16.53 lakh crore.

In the revised estimates for 2023-24, the government had projected a fiscal deficit of Rs 17.34 lakh crore, or 5.8 per cent of GDP, in the interim budget presented in Parliament on February 1. Net tax collection in FY24 was Rs 23.26 lakh crore and expenditure was Rs 44.42 lakh crore. #End#