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

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.

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