Core sector growth halves to 4.2% in January

Core sector growth halves to 4.2% in January
PTI
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First Published: Wed, Mar 19 2008. 01 48 PM IST
Updated: Wed, Mar 19 2008. 01 48 PM IST
New Delhi: Poor performance in almost all core areas of the infrastructure sector, including crude oil, power, cement and coal has led to a steep fall in six core infrastructure industries to 4.2% in January, against 8.3% in the corresponding period last year.
During April-January 2007-08, the growth rate of these core industries declined to 5.5% against 8.9% during the same period last fiscal.
According to official data released today, the crude oil production registered a negative growth of 0.2% in January, compared to 4.7% last year.
Growth in coal production also declined to 4. 8% as against 9.9%.
Meanwhile, the electricity sector witnessed a growth of 3.3% in January, against 8.3% and cement sector registered a growth of 5.2% compared to 7.2%.
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First Published: Wed, Mar 19 2008. 01 48 PM IST
More Topics: Infrastructure | Crude oil | Power | Cement | Coal |