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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.

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