<p>The growth rate of eight core sector industries decelerated to 2.6 per cent in 2013-14, the lowest in almost a decade, due to a decline in crude oil and natural gas production.<br /><br />The infrastructure industries in 2012-13 had registered 6.5 per cent growth. Experts said the figures are indicating a possible slowdown in industrial production.<br /><br />"The slack core sector print in conjunction with the decline in merchandise exports in year-on-year terms points towards a likely industrial contraction in March 2014," rating agency ICRA said. <br /><br />Crude oil and natural gas production in 2013-14 recorded a negative growth of 0.2 per cent and 13 per cent, respectively.<br /><br />Growth in the output of coal, petroleum refinery products and cement slowed down to 0.8 per cent, 1.7 per cent and 3 per cent, respectively. </p>.<p>However, fertiliser, steel and electricity recorded a relatively healthy growth.<br /><br />In March, the core sector growth slowed to 2.5 per cent from 7 per cent in the same month a year ago.<br /><br />The eight core industries have a combined weight of about 38 per cent in the Index of Industrial Production.<br /><br />In the month under review, crude oil, natural gas and fertiliser output fell 1.6 per cent, 9.3 per cent and 6.1 per cent, respectively.<br /><br />Growth in production of coal, petroleum refinery products and steel slowed to 0.7 per cent, 2.8 per cent and 5.4 per cent in March.<br /><br />Cement output was unchanged in March. Electricity generation increased to 5.4 per cent. In January and February, the eight sectors grew by 1.6 per cent and 4.5 per cent, respectively. </p>
<p>The growth rate of eight core sector industries decelerated to 2.6 per cent in 2013-14, the lowest in almost a decade, due to a decline in crude oil and natural gas production.<br /><br />The infrastructure industries in 2012-13 had registered 6.5 per cent growth. Experts said the figures are indicating a possible slowdown in industrial production.<br /><br />"The slack core sector print in conjunction with the decline in merchandise exports in year-on-year terms points towards a likely industrial contraction in March 2014," rating agency ICRA said. <br /><br />Crude oil and natural gas production in 2013-14 recorded a negative growth of 0.2 per cent and 13 per cent, respectively.<br /><br />Growth in the output of coal, petroleum refinery products and cement slowed down to 0.8 per cent, 1.7 per cent and 3 per cent, respectively. </p>.<p>However, fertiliser, steel and electricity recorded a relatively healthy growth.<br /><br />In March, the core sector growth slowed to 2.5 per cent from 7 per cent in the same month a year ago.<br /><br />The eight core industries have a combined weight of about 38 per cent in the Index of Industrial Production.<br /><br />In the month under review, crude oil, natural gas and fertiliser output fell 1.6 per cent, 9.3 per cent and 6.1 per cent, respectively.<br /><br />Growth in production of coal, petroleum refinery products and steel slowed to 0.7 per cent, 2.8 per cent and 5.4 per cent in March.<br /><br />Cement output was unchanged in March. Electricity generation increased to 5.4 per cent. In January and February, the eight sectors grew by 1.6 per cent and 4.5 per cent, respectively. </p>