Indian core sector growth declines to 3.6 percent

June 18th, 2008 - 8:02 pm ICT by IANS  

New Delhi, June 18 (IANS) After a slowdown in industrial production, the growth in the output of six core sectors, including crude oil refining, coal and electricity, has also registered a steep fall in April, latest official data showed Wednesday. The growth of these six industries - crude oil, petroleum refining, coal, electricity, cement and finished steel - declined to 3.6 percent in April, against 5.9 percent in the like month of last year, the statistics showed.

The six core infrastructure industries had registered a 9.6 percent growth in March.

These core infrastructure industries also have a combined weight of 26.7 percent in the overall Index of Industrial Production.

The refinery products growth slowed down considerably to 4.3 percent in April from 15.1 percent in the corresponding month last year while the crude oil growth came down to 0.9 percent from 1.4 percent.

Electricity generation growth also declined to 1.4 percent from a robust 8.7 percent in April 2007.

The other three sectors - coal, cement and steel - registered positive growth rates. Coal production saw a 10.3 percent increase from a mere 0.6 percent, cement increased by 6.9 percent from 5.8 percent and finished steel rose by 4 percent from 2.7 percent.

Tags: , , , , , , , , , , , , , , , ,

Posted in Business |