The growth rate of the eight core sectors fell to just 2.1 percent

(PTI) New Delhi, Ta. September 2, 2019, Monday

The growth in the eight core sectors fell to 2.1 per cent in July, according to data released by the government gate today. The eight core sector growth in July last year was 7.3%. According to government-issued data, July, negative growth was seen in coal, crude oil, natural gas and refinery products.

These eight core sectors include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. The growth of the eight core sectors was 7.3 per cent last year. From April to July this year, the core sector's growth was three percent. Up from 5.9% in the same period last year.

On Friday, GDP figures for the first quarter of the current financial year from April to June were announced on Friday. According to this figure, the GDP for the period from April to June is five percent. Which is lower than the GDP of the last six years.

In the period from April to June, the GDP has fallen to five per cent due to poor performance of the manufacturing and agricultural sectors. Which is the lowest GDP of the last 25 quarters. For the January-March quarter of 2013, the GDP was 4.3%.

According to data released today, out of the eight core sectors, five have seen negative growth. Meanwhile, auto sector sales figures have been issued for the month of August. In August, 2019, auto sector output declined by 30 percent.

Sales of the top six automobile companies in August declined 34 percent compared to last year

Rajan Wadhera, president of the Society of Indian Automobile Manufacturers (CIAM), said the situation was a worry and the government would have to take immediate steps to recover the auto sector from the recession. The country's top six automobile companies sold a total of 1,71,193 vehicles in August. 34% less than in August of last year. Is. In August last year, the six companies sold a total of 2,59,925 vehicles. In August, leading car maker Maruti Suzuki saw a 34.4 percent decline in vehicle sales, Tata Motors vehicle sales 58 percent and Hyundai sales figures 16.58 percent. Hero MotoCorp, a leading two wheeler company, saw sales drop 20 percent while Bajaj Auto sales dropped 13 percent.