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Infrastructure industries clock 7.2% growth in H1

G. Rambabu

NEW DELHI, Oct. 24

THE six infrastructure industries namely electricity, coal, steel, crude petroleum, petroleum refinery products and cement have registered a growth of 7.2 per cent in the first six months of the current fiscal (April-September, 2000).

As per the quick estimates released by the Ministry of Commerce & Industry, this is lower than the 8.8 per cent recorded by them in the corresponding period last year. However, it is a slight increase over the 6.6 per cent growth during April-August, 200 0.

Among these industries which account for a total weight of 26.68 per cent in the Index of Industrial Production (IIP), petroleum refinery products clocked the highest growth of 29.2 per cent in the first half.

This was followed by steel (12.1 per cent), coal (8.9 per cent), electricity (3.3 per cent) and cement (3.2 per cent). Crude petroleum registered a negative growth of one per cent.

During the same period last year, petroleum refinery products had recorded a growth of 19 per cent, cement (18.9 per cent), steel (13.7 per cent), electricity (7.5 per cent) and crude petroleum (one per cent).

On a month-to-month basis, the six industries have together grown by 8.3 per cent in September 2000, a sharp fall from the 13.9 per cent growth during the corresponding month last year. It was, however, higher than the 3.1 per cent growth in August 2000.

While petroleum refinery grew by 25.2 per cent in September this year as against 26.6 per cent last year, steel grew by 16.5 per cent (16.2 per cent), coal 15.2 per cent (-0.5 per cent), cement 3.3 per cent (14.1 per cent), electricity 1.9 per cent (16.6 per cent) and crude petroleum 0.3 per cent (5.9 per cent).

Related links:
Six infrastucture industries' growth at 6.9 % in April-Aug

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