January infrastructure output plummets to 4.2 percentMarch 19th, 2008 - 4:55 pm ICT by admin
New Delhi, March 19 (IANS) The core areas of India’s infrastructure sector such as oil, power, cement and coal have witnessed a poor growth rate of 4.2 percent in January, against 8.3 percent in the like month last year. The growth rate of the core industries during the period April-January 2007-08 also plummeted to 5.5 percent as against 8.9 percent during the same period in the previous fiscal, according to the data released by the Commerce and Industry Ministry Wednesday.
The electricity sector registered a growth rate of 3.3 percent in January, against 8.3 percent.
The cement sector witnessed a growth of 5.2 percent compared to 7.2 percent in January 2007.
Crude oil posted a declining growth of 0.2 percent during the month compared to 4.7 percent in 2006-07, while the production of coal also showed a fall of 4.8 percent against a growth of 9.9 percent in the same month last year.
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