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New Delhi, Sept 10

Poor performance in the production of crude oil and finished steel during July pulled down the growth of index for infrastructure industries for the month to 4.3 per cent as against 7.2 per cent in July 2007. Crude oil production recorded a negative growth of (-) 3 per cent in July as against 0.9 per cent growth in the same month last year. Similarly, finished steel output grew by only 1.9 per cent compared with 10.8 per cent last year. Growth in petroleum refinery output went up by 11.8 per cent in July this year compared with 4.7 per cent in the same month last year while coal production improved by 5.5 per cent as against 1.1 per cent in the same month last year. Electricity generation during the month grew by 4.5 per cent compared with 7.5 per cent in July last year and the growth in cement production also slowed down to 8.8 per cent as against 9.4 per cent in the corresponding month of the previous fiscal. For the four-month period of April-July also the overall growth in the economy slowed down to 3.7 per cent compared with 6.6 per cent during the corresponding period last fiscal.

– Our Bureau

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