New Delhi: India’s core infrastructure industries grew by 9.6% in March 2008, as against 10.5% in the same period previous year. However, the decline in growth was much less than the overall industry.
During fiscal 2007-08, growth in the six core infrastructure industries slowed down to 5.6% from 9.2% in the previous year.
Barring cement and finished steel production, the other industries - crude oil, petroleum refinery products, coal and electricity - registered a decline in growth in March 2008.
Sluggish performance of the manufacturing sector pulled down growth in overall industrial production to a six-year low of 3% in March this year from 14.8% in the year-ago period.