Infrastructure sector growth slips to 3.5% in May

Infrastructure sector growth slips to 3.5% in May
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First Published: Wed, Jul 09 2008. 12 20 PM IST
Updated: Wed, Jul 09 2008. 12 20 PM IST
PTI
New Delhi: Poor performance in almost all core areas of the infrastructure sector, including petroleum refinery products and power, has led to a steep fall in six core infrastructure industries to 3.5% in May against 7.8% in the corresponding period last year.
During April-May 2008-09, the growth rate of these core industries declined to 3.5% against 6.9% during the same period last fiscal.
According to official data released on 9 July, the petroleum refinery products registered a poor growth of 0.1% in May, compared to 14.9% last year.
Growth in electricity also declined to 2% as against 9.3% and cement sector registered a growth of 3.8% compared to 9.9%.
The finished steel product too posed a poor growth performance with 5.2% in May 2008. The sector had grown at a rate of 8.4% during the corresponding period in 2007.
However, crude oil sector witnessed a positive growth of 3.2% as against 1.6% and coal registered a growth of 8.3% against 0.5% in May 2007.
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First Published: Wed, Jul 09 2008. 12 20 PM IST
More Topics: Infrastructure | Growth | Steel | Cement | Refining |