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Output of six core industries up 6.8% in Feb
30 March, 2011
Fuelled by surge in crude oil and finished steel output,
growth in the six core infrastructure industries improved to
6.8 per cent in February from 4.2 per cent in the same month
However, compared to January when infrastructure sector, that
has 26.7 per cent weight in the country's Index of Industrial
Production (IIP) grew by by 7.2 per cent, the performance in
February was a shade lower.
During the April 2010-February 2011 period, the six core
sectors - crude oil, petroleum refinery products, coal,
electricity, cement and finished steel - registered an
expansion of 5.7 per cent compared to 5.4 per cent in the same
period last year, according to the Industry Ministry data
released in New Delhi on Tuesday.
Crude oil and finished steel output grew by 12.2 per cent and
11.5 per cent in February from 4 per cent and (- 0.2) per cent
respectively in the same period last year, according to the
data released by the Industry Ministry.
Petroleum refinery products too registered a healthy growth of
3.2 per cent in February from a 0.7 per cent in the
corresponding period last year.
However, according to economists, this month's core sector
growth will not have much positive impact on the February IIP
numbers, likely to be released next month.
"It (February core sector growth) will not have much positive
impact on IIP," credit ratings agency CRISIL Principal
Economist D K Joshi said.
Growth in factory output slowed down to 3.7 per cent in
January 2011 from 16.8 per cent in the same period last year.
Electricity generation grew by 7.2 per cent in the month under
review compared to 6.9 per cent in February 2010.
However, coal output contracted by 5.7 per cent in contrast to
6.7 per cent expansion in February 2010.
Growth in cement production slowed down to 6.5 per cent in the
month under review from 7.9 per cent in the same period last
During the 11 months of this fiscal, the crude oil sector
output grew by 11.9 per cent, as against a 0.3 per cent
contraction in the same period last fiscal.
Growth in coal output slowed to 0.1 per cent during April
2010-February 2011 from 7.9 per cent in the corresponding
period last year, the data said.
Electricity and cement production also slowed down to 5.4 per
cent and 4.3 per cent, respectively, during the 11 months of
the ongoing financial year from 6 per cent and 10.8 per cent
in the same period last year.
The data further showed that petroleum refinery output
expanded by 2.5 per cent during the period -- as against 0.4
per cent contraction in April 2009-February 2010, while
finished steel production rose by 8.1 per cent, compared to
5.2 per cent growth in the corresponding period of the