New Delhi: On the heels of the slowing in industrial production in January 2008, the six core infrastructure industries grew by 4.2 per cent in that month, almost half the 8.3 per cent growth seen in such industries in the same month last year. The cumulative growth rate in these sectors during April-January 2008 fell to 5.5 per cent as against 8.9 per cent in the same period last fiscal. Crude oil production registered a negative growth of 0.2 per cent in January 2008 as compared to 4.7 per cent growth in same month last year. Electricity sector saw 3.3 per cent growth in January 2008 as against 8.3 per cent growth in same month last year.
The six core infrastructure industries are crude petroleum, petroleum refinery products, coal, electricity, cement and finished carbon steel. They cumulatively account for 26.7 per cent of the weightage in overall index of industrial production (IIP). The performance of the six core infrastructure industries in January 2008 does not come as a surprise. In January, overall industrial growth had declined to 5.3 per cent as compared to 11.6 per cent in the same month in the previous year.
The six core infrastructure industries are crude petroleum, petroleum refinery products, coal, electricity, cement and finished carbon steel. They cumulatively account for 26.7 per cent of the weightage in overall index of industrial production (IIP). The performance of the six core infrastructure industries in January 2008 does not come as a surprise. In January, overall industrial growth had declined to 5.3 per cent as compared to 11.6 per cent in the same month in the previous year.
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