The Hindu Business Line : `Core sector may do better this year'

Coal, electric power, oil and gas, crude oil, steel and aluminium are the major core sectors that will record higher year-on-year growth rate this year. The higher projection for this year will better the prospects for growth for industry players in the engineering, non-engineering and the services sectors, according to a survey conducted by industry chamber FICCI on core sector.

The survey, based on responses from the industry, allied industry organisations, associations, government and public sector undertakings, reveals that the coal sector is projected to grow at 6.5 per cent to seven per cent in current fiscal compared to a growth of 6.4 per cent during the last fiscal. Electric power is slated to grow at 5.5 per cent to six per cent this fiscal against a growth of 5.1 per cent last fiscal. Oil and gas is projected to grow at 0.8 per cent to 1.4 per cent against negative growth of 1.4 per cent. Crude oil is expected to grow at 0.5 per cent to 1.2 per cent against negative growth of 5.2 per cent, according to the survey. Steel is expected to grow at seven to eight per cent against 6.5 per cent and aluminium is expected to grow at eight to nine per cent against 7.8 per cent growth, according to the survey.

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