Financial Daily from THE HINDU group of publications
Tuesday, Feb 28, 2006


Group Sites

Industry & Economy - Economy

Core sector growth slows to 3.3% in Jan

Our Bureau

New Delhi , Feb. 27

The growth in the six infrastructure sectors slowed down to 3.3 per cent during January 2006 compared with 4.2 per cent in January 2005 due to fall in output of crude petroleum and steel and reduction in production rate in the five sectors except cement, according to an official release.

Growth in six core infrastructure industries, which have a combined weightage of 26.7 per cent in the Index of Industrial Production (IIP), declined to 4.3 per cent during April-January period of this fiscal against 6.2 per cent in the corresponding period of 2004-05.

Crude output falls

Production of crude petroleum went down to 2,775 thousand tonnes in January against 2,913 thousand tonnes in the same month of 2005, registering a negative growth of 4.7 per cent compared with 0.2 per cent in the year-ago period, the release said.

Crude petroleum production delcined by 5.8 per cent to stand at 26,813 thousand tonnes during the first 10 months of this fiscal against 28,469 thousand tonnes in the same period of the previous financial year.

Expect June, crude petroleum production fell in all months of this fiscal till January and in June it went up by a mere 0.3 per cent.

The fall in the growth rate is also on account of decline in the rate of growth in the mining sector and deceleration in the growth of electricity generation.

Coal production slowed down to 6 per cent at 320.7 million tonnes during the first 10 months of this fiscal, the data showed.

According to the data released today, cement production grew by 11.4 per cent at 1,20,401 thousand tonnes during the first 10 months of this fiscal against 1,08,063 thousand tonnes during the same period of the previous fiscal when it rose by 7.2 per cent.

Steel production fell by 5.9 per cent at 34,777 thousand tonnes during the first 10 months of this fiscal. Electricity generation grew by 5.8 per cent to touch 53,460.5 million kwh in January this year against 50,529 million kwh a year ago, the release said.

More Stories on : Economy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Economic Survey proposes reforms in tax system
Pegs growth rate at 8.1 per cent; cites crude prices as a risk factor

Interest rates may firm up: Survey
`Forex reserves accretion slowing, credit offtake keeps rising'

`Rapid, bold policy responses needed to manage oil crisis'
Petro-product pricing crucial to fiscal health

`Follow China model on labour market'
Revisit costs incurred on anti-poverty schemes

Delhi, Mumbai airports revamp to begin mid-year
`In-principle' decision on Chennai airport revamp taken

Textile sector registers `moderate' export growth
Lags behind China in tapping free quota regime

Govt told to clarify rationale for postal subsidy
`Auto exports stay untapped'
Need for reforming labour laws stressed
Learn lessons from the Chinese model, says Survey

Govt sure of reining in inflation at 5 pc
Urban infrastructure: Call for user-charge approach
Smaller cities find the going tough due to financial crunch

Broadband is the next frontier
All States told to implement VAT
Contracts for stretches under NHDP to be awarded soon
India Inc says it's pragmatic
How critical is rural employment?
To bridge urban-rural divide

Automotive testing unit in Assam launched — Facilities to be used for N-E
JK Cement fixes IPO price at Rs 148
Food subsidy growth seen at 1.55 pc
Fertiliser subsidy to exceed Budget estimates
Total subsidy may cross Rs 24,000 crore

`Growth outlook bright'
Core sector growth slows to 3.3% in Jan
India Inc positive on growth: Survey
EU move to boost carbon trading — All flights must buy credits to offset GHC emissions
Indo-Arab meet begins — IT, medical tourism, bio-tech thrust areas
Three more Bio-safety Level 3 labs
Will Budget bring relief to cancer, AIDS patients?
Reconsider airport update plans: Panel
KCCI to identify developers for multi-product component in SEZ
Panel to decide on gas transmission tariff of GAIL
Gas supply issue: Meet today to resolve deadlock
Chiefs of Panna-Mukta venture partners, GAIL to participate

High credit rating for ONGC bonds
CDC supplies diagnostic reagents for bird flu investigation
Pharma industry clocks healthy growth
Leverage strengths in organic synthesis, process engineering

NPPA recovers Rs 99 cr from drug cos
Concern over power sector
`Electricity to all houses'
Sponge iron issues
Misplaced optimism?
Sugar output figures

Will Budget dilute FBT provisions, usher in EET?
Lower level of peak customs duty, rationalisation of duties for petroleum industry likely

Cotton growers worried over likely duty cut
Textile industry seeks special rules of origin provisions
NTPC plans joint venture with Coal India
AC to beat bird flu?
Food processing: Govt bid to woo big biz houses
Foundation stone laid for three RPG group projects
Goenkas tie-up with Godrej Group for shopping arcade

IT cos seek tax reliefs
MAIT wants excise anamolies removed

Coimbatore textile fair to feature `China Pavilion'
Over 300 companies covering all segments will be participating

Biotech industry seeks extension of deductions
A touch of glass
Exim Bank to invest $7 m in animated feature film
Rich Crest-Lions Gate's production

Women managers' meet on March 8
Theme inspired by Kalam's vision

`Core sector can absorb $150 b FDI'
ICRISAT partners CII in rural growth plan
TRAI says `end differential tariff'
Goan assessees for changes in I-T Act
I-T Dept to step up vigil against tax offenders

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line