Financial Daily from THE HINDU group of publications
Saturday, Mar 20, 2004
Financial Daily from THE HINDU group of publications Saturday, Mar 20, 2004 |
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Industry & Economy
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Economy Core sector records 11.3% growth in Feb Our Bureau
New Delhi , March 19 THE index of the six core infrastructure structure industries has registered 11.3 per cent year-on-year growth during the month of February, compared with 5 per cent for the same month of the previous year. The growth has been led mainly by refined petroleum products (15.5 per cent versus 7.2 per cent), coal (12.7 per cent versus 2 per cent), electricity (12.1 per cent versus 0.5 per cent) and cement (11.2 per cent versus 5.2 per cent). Production of finished steel and crude petroleum, too, rose by 9.8 per cent and 7.1 per cent respectively during February 2004, as against corresponding year-on-year growth rates of 11.7 per cent and 5 per cent for February 2003. During the first 11 months of the current fiscal, the cumulative growth of the infrastructure index, at 5.3 per cent, was marginally below the corresponding figure of 5.7 per cent for April-February 2002-03. While output of steel and cement continued to exhibit overall buoyant growth of 7.2 per cent and 6.3 per cent - overall and above their April-February 2002-03 growth rates of 10.1 per cent and 9.2 per cent, respectively - the growth rates amounted to 8 per cent (4.4 per cent) for refined petro-products, 0.9 per cent (3.4 per cent) for crude petroleum, 5 per cent (4.2 per cent) for coal and 4.4 per cent (3.6 per cent) for electricity.
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