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Industry & Economy - Infrastructure


Infrastructure growth dips to 5% in Nov

Our Bureau

New Delhi , Dec. 22

THE official six-industry infrastructure index has registered a 5.8 per cent year-on-year growth during April-November this year, against 5.4 per cent during the corresponding eight-month period of 2003.

The higher growth has been mainly led by the energy sector, with growth rates during April-November being 3.3 per cent in crude petroleum (against minus 0.9 per cent during April-November 2003), 7.2 per cent in coal (3.1 per cent) and 6.8 per cent in electricity (3.2 per cent).

Only in the case of refined petro-products has growth been lower at 6.3 per cent (6.9 per cent). Output of finished steel has also increased by only 4.4 per cent year-on-year during April-November 2004, compared with last year's corresponding figure of 11.9 per cent, even as the growth rate for cement has been higher at 6.7 per cent (5.6 per cent).

During the latest recorded month of November, the overall index grew year-on-year by 5 per cent, against 6 per cent in the same month last year.

The growth rates in November 2004 were higher for coal at 7.1 per cent (2.2 per cent), cement 11.4 per cent (4.6 per cent) and crude petroleum 0.9 per cent (minus 1.1 per cent), while being lower for electricity 4 per cent (4.8 per cent), refined petro-products 0.9 per cent (20 per cent) and steel 6.4 per cent (8.1 per cent).

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