News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 13 years ago
Home  » Business » Six core sectors grow by 7.4 per cent in March

Six core sectors grow by 7.4 per cent in March

Source: PTI
May 02, 2011 14:10 IST
Get Rediff News in your Inbox:

Led by crude oil and finished steel, the output of the six core infrastructure industries grew by 7.4 per cent in March, 2011, an improvement from the 6.8 per cent expansion clocked a year ago.

For the 2010-11 fiscal, the key infrastructure sectors - with a weight of 26.7 per cent in the overall Index of Industrial Production (IIP) -- expanded by 5.9 per cent, as against 5.5 per cent in the previous year.

According to provisional data released today, crude oil production topped the table with growth of 12.1 per cent in March, compared to 3.5 per cent expansion in the corresponding year-ago period.

Petroleum refinery products registered a growth of 8.5 per cent in March, a complete turnaround in comparison to the same month last year, when output had contracted by 1.1 per cent.

Growth in electricity and cement production slowed down marginally in the reporting period to 7.6 per cent and 6.5 per cent, respectively, from 7.9 per cent and 7.8 per cent in the previous year.

Finished steel production also showed an improvement from 7.7 per cent to 9.9 per cent in March.

However, in stark contrast, coal output contracted by 1.2 per cent in March, 2011, compared to 8 per cent expansion in the corresponding year-ago period.

 

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Related News: IIP
 

Moneywiz Live!