Financial Daily from THE HINDU group of publications
Saturday, Nov 22, 2003
Financial Daily from THE HINDU group of publications Saturday, Nov 22, 2003 |
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Economy Industry & Economy - Economy Oct infrastructure industries growth drops to 3 pc Our Bureau
New Delhi , Nov. 21 THE six `core' infrastructure industries have registered an overall growth rate of 3.9 per cent in the first seven months of the current fiscal, as against 6.5 per cent in the same period the previous fiscal. According to official data released here on Friday, despite a 7 per cent growth in finished steel, 5.3 per cent growth in cement, and 5.2 per cent growth in petroleum refinery products, the growth in the remaining three sectors was much lower during April-October 2003. While coal registered a growth of 3 per cent, electricity grew by 2.8 per cent and crude petroleum by - 0.9 per cent. On a month-to-month basis, the overall growth in the infrastructure industries was 3 per cent in October 2003 as against 6.7 per cent in the corresponding month in the previous year. The growth in finished steel has been pegged at 6.8 per cent followed by cement (6 per cent), crude petroleum (2.7 per cent), electricity (1.6 per cent), petroleum refinery products (0.1 per cent) and coal - 0.1 per cent.
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