Growth of 8 core sector industries slows to 1.7% in November

According to the data released by the government, the output of eight infrastructure industries in April-November grew by a mere 2.5 percent against 6.7 percent in the same period of the last fiscal.

hidden January 01, 2014 11:22:36 IST
Growth of 8 core sector industries slows to 1.7% in November

New Delhi: The output of eight core sector industries slowed to 1.7 percent in November due to poor showing by natural gas, fertiliser and petroleum refinery sectors.

The eight core sector industries -coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, electricity-grew by 5.8 percent in November 2012.

Growth of 8 core sector industries slows to 17 in November

Coal is one of the core sector industries. AFP

According to the data released by the government, the output of eight infrastructure industries in April-November grew by a mere 2.5 percent against 6.7 percent in the same period of the last fiscal.

The eight core industries have a combined weight of about 38 percent in the Index for Industrial Production (IIP).

The November IIP numbers would be released in the second week of January.

Natural gas output fell 11.3 percent in November year-on-year. Petroleum refinery production shrank by 5 percent. Fertiliser output growth slowed down to 0.6 percent in the month under review. Steel production also decelerated by 3.9 percent.

Among those which put up a good performance, cement which registered a growth of 4.2 percent and electricity generation grew at 5.9 percent. Coal output grew by 2.3 percent in November as against (-) 2.9 percent in the same month last year.

PTI

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