Core infrastructure growth rises to 7.3% in june

In what will signal some revival in economy, core infrastructure sector grew fastest in 9 months at 7.3 per cent in June helped by a low base last year. This comes on back of industrial production (IIP) growth in May at 19 months high of 4.7 per cent due to good performance by manufacturing, mining and power sectors.

The eight core infra industries which consists of fertilisers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas, have a combined weight of about 37.90 per cent in the Index of Industrial Production (IIP).

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Now that the protests are fizzling out, it’s worth asking what exactly they managed to accomplish. I see two major effects.