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Core infra expands by 2.2% in February

Core infra expands by 2.2% in February
PTI
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First Published: Fri, Mar 27 2009. 01 23 PM IST
Updated: Fri, Mar 27 2009. 01 23 PM IST
New Delhi: Six core infrastructure industries showed early signs of revival, expanding by 2.2% in February from 1.4% in the previous month.
However, the growth was poor compared to the year-ago level of 7%.
The core infrastructure industries, which comprises crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel, had registered negative growth for the first time in 15 years in October 2008 and then again contracted in December.
The core sector accounts for 26.7% of the Index of Industrial Production and the numbers signal where the economy is headed.
Growth for the April-February period fell to 3% from 5.8% a year ago.
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First Published: Fri, Mar 27 2009. 01 23 PM IST