×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

6 key core sector industries’ growth slows down to 5.3% in June

6 key core sector industries’ growth slows down to 5.3% in June
PTI
Comment E-mail Print Share
First Published: Fri, Aug 17 2007. 01 43 PM IST
Updated: Fri, Aug 17 2007. 01 43 PM IST
New Delhi: Decline in production of crude oil coupled with a slowdown in output of other products pulled back the growth of six key infrastructure industries to 5.3% in June compared to 7.7% a year ago.
The growth of the six infrastructure industries, which have a combined weight of 26.7% in the index of industrial production (IIP), during the April-June quarter was also slow at 6.9% as against 7.4% in the first quarter of 2006-07, according to government data released today.
Barring electricity, every other industry - petroleum refinery products, coal, cement and finished steel - recorded a slow growth in June. The sixth industry - crude oil production - saw a decline in June by 1.8%to stand at 27,74,000 tons compared to 28,26,000 tons a year ago.
Electricity, which has the largest weight of over 10 per cent in IIP, however, grew by 6.8% in June compared to 4.9% in the same month last year.
Comment E-mail Print Share
First Published: Fri, Aug 17 2007. 01 43 PM IST