{"id":2598,"date":"2026-03-20T19:15:53","date_gmt":"2026-03-20T19:15:53","guid":{"rendered":"https:\/\/saharanews.in\/2026\/03\/20\/core-sector-output-slows-to-2-3-in-february-crude-gas-and-refinery-drag-weighs-on-momentum\/"},"modified":"2026-03-20T19:15:53","modified_gmt":"2026-03-20T19:15:53","slug":"core-sector-output-slows-to-2-3-in-february-crude-gas-and-refinery-drag-weighs-on-momentum","status":"publish","type":"post","link":"https:\/\/saharanews.in\/?p=2598","title":{"rendered":"Core sector output slows to 2.3% in February; crude, gas and refinery drag weighs on momentum"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ \" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-129706919,imgsize-975532,width-400,resizemode-4\/-.jpg\" alt=\"Core sector output slows to 2.3% in February; crude, gas and refinery drag weighs on momentum\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Growth in India\u2019s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.<span class=\"id-r-component br\" data-pos=\"2\"\/>According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month, moderating the overall expansion in the core sector basket. The eight industries together account for 40.27 per cent of the weight in the Index of Industrial Production (IIP).<span class=\"id-r-component br\" data-pos=\"4\"\/>The combined Index of Eight Core Industries (ICI) rose 2.3 per cent (provisional) year-on-year in February 2026, the Ministry of Commerce and Industry said in a release, noting that cement, steel, fertilisers, coal and electricity recorded positive growth during the month.<span class=\"id-r-component br\" data-pos=\"8\"\/>During April\u2013February of FY26, cumulative growth in core infrastructure output stood at 2.9 per cent, compared with 4.4 per cent in the corresponding period of the previous financial year, indicating a broader slowdown in momentum.<span class=\"id-r-component br\" data-pos=\"10\"\/>\u201cThe final growth rate of Index of Eight Core Industries for January 2026 was observed at 4.7 per cent. The cumulative growth rate of ICI during April to February, 2025-26 is 2.9 per cent (provisional) as compared to the corresponding period of last year,\u201d the release said.<span class=\"id-r-component br\" data-pos=\"13\"\/>Coal production \u2014 carrying a 10.33 per cent weight \u2014 increased 2.3 per cent in February over the same month last year. However, its cumulative index remained unchanged at 185.8 during April\u2013February FY26.<span class=\"id-r-component br\" data-pos=\"15\"\/>Crude oil output (8.98 per cent weight) declined 5.2 per cent year-on-year in February, while the cumulative index contracted 2.5 per cent over the April\u2013February period.<span class=\"id-r-component br\" data-pos=\"17\"\/>Similarly, natural gas production (6.88 per cent weight) fell 5.0 per cent during the month, with its cumulative index slipping 3.5 per cent compared with the year-ago period.<span class=\"id-r-component br\" data-pos=\"20\"\/>Production of petroleum refinery products (28.04 per cent weight) declined 1.0 per cent in February and remained marginally lower \u2014 by 0.1 per cent cumulatively \u2014 during the first eleven months of the fiscal.<span class=\"id-r-component br\" data-pos=\"22\"\/>Among the growth drivers, fertiliser output (2.63 per cent weight) rose 3.4 per cent year-on-year in February and recorded 2.0 per cent cumulative growth during April\u2013February.<span class=\"id-r-component br\" data-pos=\"24\"\/>Steel production \u2014 with a 17.92 per cent weight \u2014 posted a strong 7.2 per cent increase in February, while cumulative growth stood at 9.7 per cent.<span class=\"id-r-component br\" data-pos=\"27\"\/>Cement output (5.37 per cent weight) expanded 9.3 per cent during the month and recorded 9.2 per cent growth cumulatively over the fiscal period under review.<span class=\"id-r-component br\" data-pos=\"29\"\/>Electricity generation (19.85 per cent weight) increased 0.5 per cent year-on-year in February and registered 0.9 per cent cumulative growth during April\u2013February.<span class=\"id-r-component br\" data-pos=\"31\"\/>The data indicates that while construction-linked and industrial segments continue to lend support, the contraction in energy-related sectors remains a key drag on overall core infrastructure output.<span class=\"id-r-component br\" data-pos=\"33\"\/>(With inputs from Agencies)<span class=\"id-r-component br\" data-pos=\"35\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/core-sector-output-slows-to-2-3-in-february-crude-gas-and-refinery-drag-weighs-on-momentum\/articleshow\/129706924.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growth in India\u2019s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-2598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/2598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2598"}],"version-history":[{"count":0,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/2598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/media\/2599"}],"wp:attachment":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}