Industry & Economy
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Economy
Core sector growth at 5.2 pc in Nov
Our Bureau
New Delhi
,
Dec. 23
THE country's six core infrastructure industries have registered a tepid 4.2 per cent growth during the first eight months of the current fiscal.
According to the latest official data, the infrastructure index rose by 4.2 per cent during April-November 2003, as against 6.1 per cent for April-November 2002. The index went up by 5.2 per cent in November 2003, compared to a corresponding year-on-year growth of 3.9 per cent in November 2002.
The impetus for growth continues to come from steel and cement, which recorded a production increase of 7 per cent and 5.1 per cent during April-November 2003, over and above the corresponding year-on-year increases of 10.7 per cent and 8.9 per cent, respectively.
A similar buoyancy has been observed for refined petro-production, with growth during the first eight months of the current fiscal, at 6.9 per cent, being higher than the 5 per cent level for April-November 2002.
There has been a slowdown for this period, however, in the case of crude petroleum (from 3.9 per cent to minus 0.5 per cent), coal (from 4.9 per cent to 3.4 per cent) and electricity generation (from 3.9 per cent to 3.1 per cent).
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