30.7.11

IIP June



With electricity and steel showing healthy production growth, the eight core infrastructure industries expanded by 5.2% in June as against 4.4% in the same period last year. The industries — crude oil, petroleum refinery products, natural gas, fertilizers, coal, electricity, cement and finished steel — have a weight of 37.90% in the overall index of industrial production. With addition of two sectors —fertilisers and natural gas —the number of key infrastructure sectors, picked up separately for measuring performance has now gone to eight. Electricity and steel grew by 8.2% and 12.5% in June from 3.8% and 4.3% in the same month in 2010, according to the provisional data released on Friday. Crude oil production grew by 7.7% in the month under review from 6.8% in the comparable period of last year. Petroleum refinery products too grew by 4.7% from 2.9%. However, natural gas, cement, coal and fertiliser showed a negative growth of 11.7%, 0.8%, 3.3% and 2.4%, respectively. During the April–June quarter of 2011-12, the growth of core industries slowed down to 5.0% from 6.8% in the same quarter previous year. The growth of eight core infrastructure industries slowed down to 5.3% in May against 7.4% a year ago.

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