Core sector grew 8.4 percent in April, sharp increase in coal and power generation

Core sector up 8.4 percent in April

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During April, there has been an increase in the production of coal, natural gas, petroleum refinery, fertilizer, steel, cement and electricity. While the fall in the production of crude oil and steel

In the month of April, the effect of trying to meet the increasing demand for electricity in the core sector (core sector) has been observed at high speed. According to the data released today, production in the core sector has increased by 8.4 percent in April. biggest advantage in Coal ,Coal Sector) and electricity generation, along with petroleum products (Petroleum Product) also showed an increase. A year ago, in the month of April, a growth of 62.6 percent was seen in the core sector. However, this jump was due to the low base effect when the work came to a standstill in April 2020 due to Corona. Crude oil and steel production declined in April 2022. Eight core sectors include coal, crude oil, natural gas, petroleum refinery, fertilizer, steel, cement, electricity.

where was the gain

During April, there has been an increase in the production of coal, natural gas, petroleum refinery, fertilizer, steel, cement and electricity. In this, coal, which has more than 10 percent weightage in the entire core sector, has increased by 28.8 percent during April. At the same time, the production of natural gas with a weightage of 6.88 percent has increased by 6.4 percent. Petroleum refinery product grew by 9.2 percent. Its weightage is the highest i.e. 28.4 percent in the entire core sector. There has been an increase of 8.7 percent in the production of fertilizers. Production in the cement sector has increased by 8 percent. Electricity generation has seen an increase of about 11 percent.

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where was the fall

There has been a decline in the production of crude oil and steel during April, although this decline was limited. Crude oil production declined by 0.9 percent during April. At the same time, steel production has fallen by about 0.7 percent. The total share of both the sectors is about 27 percent. Core sectors are considered to be the most important sectors of the economy as they are necessary for all other sectors to grow. Which includes electricity, oil and raw materials. Increasing demand for these means that demand is increasing among other sectors as well.