Eight core industries grow 7.8 percent in July
August 30th, 2011 - 8:05 pm ICT by IANSNew Delhi, Aug 30 (IANS) Eight core industries, including coal, electricity, crude oil, cement and steel, registered a growth of 7.8 percent in July this year, compared to 5.7 percent during the same month last year, official data showed Tuesday.
The index of eight core industries having a combined weight of 37.90 percent in the Index of Industrial Production (IIP) with base 2004-05 stood at 143.22 in July, the ministry of commerce and industry said in a statement.
During April-July period, eight core industries registered a growth of 5.8 percent as against 6.5 percent during the same period last year.
Electricity generation, which has 10.32 percent weight in the IIP, grew 13 percent in July 2011 as compared to 4.2 percent in the same month of previous year. Electricity generation grew by 9.4 percent during April-July 2011-12 compared to 5.3 percent during the same period of 2010-11.
Cement production grew 10.6 percent and steel output surged 15.5 percent.
Coal production was up 2.4 percent, crude oil output 1.4 percent, and petroleum and refinery products grew 3.9 percent in the month under review.
However, two of the eight core industries registered negative growth in July. Natural gas production fell 8.2 percent and fertilizer production declined 1.6 percent.
The Index of Industrial Production, the barometer for measuring industrial output, grew 8.8 percent in June. The IIP data for July has not been released yet.
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- Core industries growth falls to 3.1 percent in December - Jan 30, 2012
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- India's core industry growth slumps to 3.5 percent in August - Sep 27, 2011
- Six core industries grew at a slow 5.2 percent in April - Jun 01, 2011
- Infrastructure output up 5.1 percent in April - May 28, 2010
- Six core industries grew 6.6 percent in December - Jan 31, 2011
- Slower growth in six core industries in February - Mar 26, 2010
- October industrial output slumps to minus-5.1 percent - Dec 12, 2011
- Rising interest rates affect industrial output, lowest in over 2 years - Nov 11, 2011
- India's industrial output rises 8.8 percent in June - Aug 12, 2011
- Factory output rises a sluggish 4.1 percent, may affect GDP - Oct 12, 2011
- Six core industries grow 3.5 percent in October - Nov 27, 2009
Tags: barometer, cement production, coal production, core industries, crude oil output, electricity generation, fertilizer production, iip, ministry of commerce, natural gas production, New Delhi, petroleum, previous year, refinery products, steel output