{"id":21753,"date":"2024-09-01T01:00:08","date_gmt":"2024-08-31T19:30:08","guid":{"rendered":"https:\/\/urbanacres.in\/?p=21753"},"modified":"2024-09-01T01:00:08","modified_gmt":"2024-08-31T19:30:08","slug":"infrastructure-sector-growth-slows-to-6-1-in-july","status":"publish","type":"post","link":"https:\/\/livzzy.in\/?p=21753","title":{"rendered":"Infrastructure Sector Growth Slows to 6.1% in July"},"content":{"rendered":"<p><strong>The growth rate for eight essential infrastructure sectors decelerated to 6.1% in July 2024, a notable decline attributed to reduced output in crude oil and natural gas. This figure, released on Friday, represents a slowdown from the previous month&#8217;s growth rate of 5.1%, although it remains an improvement over the 6.1% recorded during the same period last year.<\/strong><\/p>\n<p>The core sectors, which include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity, collectively contribute 40.27% to the Index of Industrial Production (IIP). In July, these sectors experienced varied growth rates. Notably, crude oil and natural gas output contracted by 2.9% and 1.3%, respectively, indicating significant challenges in these areas. Meanwhile, production growth for coal, steel, cement, and electricity also slowed to 6.8%, 7.2%, 5.5%, and 7% respectively.<\/p>\n<p>Conversely, the production of refinery products and fertilisers saw positive growth, with increases of 6.6% and 5.3%, respectively. Despite the overall deceleration, these sectors provided a stabilising effect on the growth rate of the core infrastructure sectors. The slowdown observed in July highlights the ongoing challenges within the crude oil and natural gas sectors while reflecting a mixed performance across the broader infrastructure landscape. As the fiscal year progresses, these dynamics will likely influence broader industrial and economic trends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The growth rate for eight essential infrastructure sectors decelerated to 6.1% in July 2024, a notable decline attributed to reduced output in crude oil and<\/p>\n","protected":false},"author":1,"featured_media":21786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149,146,147,148],"tags":[84803,84804,367,84805],"class_list":["post-21753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","category-latest","category-news","category-urban-news","tag-core-sectors-performance","tag-industrial-production-index","tag-infrastructure-growth","tag-july-2024-data"],"_links":{"self":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/21753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21753"}],"version-history":[{"count":0,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/21753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}