Financial Daily from THE HINDU group of publications
Wednesday, May 26, 2004
Financial Daily from THE HINDU group of publications Wednesday, May 26, 2004 |
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Economy Industry & Economy - Economy Core industries post 9 pc growth in April Our Bureau
New Delhi , May 25 THE new fiscal has begun with a bang, with the six core infrastructure industries registering a nine-per cent year-on-year growth in April, compared with 4.5 per cent registered during the same month of the previous year. The growth has been led by cement, electricity and the petroleum sectors. While cement production in April rose 16.1 per cent (against a minus 2.8 per cent growth for April 2003), the corresponding growth rates amounted to 10.7 per cent (1.9 per cent) for electricity, 10.7 per cent (minus 1.9 per cent) for crude petroleum and 13.2 per cent (6.9 per cent) for refined petro-products. Coal production, too, was higher by 6.1 per cent, as compared to a modest 3.1 per cent year-on-year growth for April 2003. The steel sector has, however, recorded a perceptible slowdown. Finished steel output in April rose annually by a mere 3 per cent, though this was on the back of a heady 14.4 per cent growth registered during the same month last year.
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