Six core sectors log 7.2 per cent growth in March

Cumulatively, the core sectors, which have 26.7 per cent combined weightage in the overall industrial production, recorded a growth 5.5 per cent in the financial year 2009-10 as against 3 per cent in the previous fiscal.

The six core infrastructure industries — crude, petroleum refinery products, coal, electricity, cement and finished steel – posted visible improvement in the overall performance in March when compared to the 4.7 per cent in February. Finished steel with 9.2 per cent expansion led the recovery, reversing a negative 1.8 per cent in March last year.

Key infrastrcutre sectors like coal, electricity and cement grew by 7.8 per cent each against 5.3 per cent, 6.3 per cent and 10.1 per cent, respectively.  Crude oil production grew by 3.5 per cent from a negative 2.3 per cent.

However, petroleum refinery products showed a poor performance with 0.4 per cent contraction in March 2010 over a positive 3.3 per cent a year ago. Detailed analysis shows crude oil production with a weight of 4.17 per cent in the Index of Industrial Production (IIP) registered a growth of 3.5 per cent in March 2010 compared to a growth rate of (-) 2.3 per cent in March 2009.

The Crude Oil production registered a growth of 0.5 per cent during April-March 2009-10 compared to (-) 1.8 per cent during the same period of 2008-09. The key infrastructure sector electricity generation  with a weight of 10.17 per cent in the IIP registered a growth of 7.8 per cent in March 2010 compared to a growth rate of 6.3 per cent in March 2009.

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