India’s infrastructure industries log 8.7 percent growth

April 3rd, 2008 - 3:00 pm ICT by admin  

New Delhi, April 3 (IANS) Six main infrastructure industries in India, including crude oil, power generation and coal production, registered a 8.7 percent growth in February against 7.6 percent in the same month last fiscal. The growth, however, was lower at 5.6 percent during the first 11 months of this fiscal, compared to 8.7 percent during the corresponding 11 months of the last fiscal, data released by the commerce and industry minister showed Thursday.

Among the six sectors, crude oil output expanded by just 0.4 percent during the 11 months, as against 5.8 percent for the corresponding period of the previous fiscal. Similarly, the output of finished steel also grew at a lower rate of 5 percent, as against 11.3 percent in the previous fiscal.

In fact, the coal sector was the sole infrastructure industry that registered a higher output of 5.6 percent during the period under review, against 5.3 percent in the corresponding period of the previous year, the data showed.

While the growth of petroleum refining output was sharply down at 7.2 percent (12.8 percent in the last fiscal), that for electricity was 6.6 percent (7.2 percent) and for cement it was 7.5 percent (9.5 percent).

These six infrastructure industries have a collective weight of 26.7 percent in the official Index of Industrial Production (IIP), which is used to compute the growth of the country’s manufacturing industries.

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