Eight core sector industries grow by 0.1% in Oct
Growth of eight infrastructure industries slowed down to 0.1 percent in October this year, from 7.2 percent expansion witnessed in the same month last year.
New Delhi: Growth of eight infrastructure industries slowed down to 0.1 percent in October this year, from 7.2 percent expansion witnessed in the same month last year.
The eight industries - crude oil, petroleum refinery products, natural gas, fertilisers, coal, electricity, cement and finished steel - have a weight of 37.90 percent in the overall Index of Industrial Production (IIP).
Barring electricity, cement and steel, all the remaining segments registered negative growth in October 2011.
Electricity and steel output grew by 4.9 percent and 3.8 percent in October against 8.5 percent and 13.4 percent respectively in the same month last year, according to the provisional data released today.
No growth was recorded in cement production in October, while the same was 18.5 percent in the year-ago month.
Coal and crude oil production contracted by 9 percent and 0.9 percent respectively in the month under the review against 0.7 percent and 13.7 percent expansion in the comparable period last year.
Natural gas and petroleum refinery products coal output contracted by 7.4 percent and 2.8 percent in October 2011 respectively.
In the same month last year, the sectors had witnessed a growth of 6.5 percent and (-) 4.8 percent.
Fertiliser output declined by 2.1 percent in October. It was (-) 0.2 percent in the same period last year.
During April-October 2011-12, the growth of core industries slowed down to 4.3 percent from 5.9 percent in the same quarter last year.
Commenting on the data, rating agency ICRA said: "We expect the IIP to post a subdued volume growth in February 2017."
Eight core sectors grow by 6.6% in July pushed by healthy output in coal, refinery products, cement and fertiliser
The eight core sector -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had registered a growth of 2.9 percent in July last year.
The eight core sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had grew by 4.2 percent in December and 7.4 percent in November this financial year.