DELHI: Infrastructure growth, pulled up by crude petroleum and electricity production, rose by 8.3% in December 2006 compared with the same period in the previous year.
The cumulative growth during April-December is 8.3% against 5.5% in 2005-06.
Crude petroleum production recovered in December to clock a 10.6% growth against a lower production of 8.1% in the same month last year. Similarly, electricity production increased by over 9% compared with 3.4% in December 2005.
Production growth in coal, finished steel, cement, and petroleum products were lower in December, compared with their corresponding growth in the same month a year ago.
“Month-to-month numbers do not show sustained trend. Coal has been a poor performer all through and there is unlikely to be an immediate recovery. The overall cumulative outlook is for the six infrastructure sector is positive,” D. K. Joshi, principal economist, Crisil said.