India's core industry growth accelerates to 6 per cent in December
22 Jan 2010
The six core sector industries comprising crude oil, petroleum refining, coal, electricity, cement and steel, recorded a growth of 6 per cent (provisional) in December 2009 against 0.7 per cent in the corresponding month of the previous year.
India's core industry group grew 5.3 per cent (provisional) in November 2009.
The index of six core sector industries having a combined weight of 26.7 per cent in the index of industrial production (IIP) with base 1993-94 stood at 260.2 (provisional) in December 2009.
During April-December 2009-10, the six core industries recorded a growth of 4.8 per cent (provisional) against 3.2 per cent during the corresponding period of the previous year.
Production of crude oil (weight of 4.17 per cent in the IIP) recorded a growth of 1.1 per cent (provisional) in December 2009 compared with a negative growth of (-) 0.3 per cent in December 2008. Crude production registered a negative growth of (-) 1.1 per cent (provisional) during April-December 2009-10 compared with (-) 0.5 per cent during the same period of 2008-09.
Petroleum refinery production (weight of 2 per cent in the IIP) posted a growth of 0.9 per cent (provisional) in December 2009 compared with a growth rate of 3 per cent in December 2008.
