Core sector growth falls to 2.3 per cent in December
30 Jan 2009
The index of six core industries having a combined weight of 26.7 per cent in the index of industrial production (IIP) with base 1993-94 stood at 247.4 (provisional) in December 2008 and registered a growth of 2.3 per cent (provisional) compared to a growth of 3.2 per cent in December 2007.
During April-December 2008-09, six core-infrastructure industries registered a growth of 3.5 per cent (provisional) as against 5.9 per cent during the corresponding period of the previous year.
Crude oil production (weight of 4.17 per cent in the IIP) registered a growth of (-)0.3 per cent (provisional) in December 2008 compared to a growth rate of (-)1.4 per cent in December 2007.
Production of crude oil registered a growth of (-) 0.5 per cent (provisional) growth during April-December 2008-09 compared to 0.3 per cent during the same period of 2007-08.
Petroleum refinery production (weight of 2.00 per cent in the IIP) posted a growth of 3.0 per cent (provisional) in December 2008 compared to growth of 1.9 per cent in December 2007. Refinery production rose 3.7 per cent (provisional) during April-December 2008-09 compared to 7.5 per cent during the same period of 2007-08.
Coal production (weight of 3.2 per cent in the IIP) grew 9.4 per cent (provisional) in December 2008 compared to a growth rate of 8.4 per cent in December 2007. Coal production grew 10.1 per cent (provisional) during April-December 2008-09 compared to an increase of 3.5 per cent during the same period of 2007-08.
Electricity generation (weight of 10.17 per cent in the IIP) registered a growth of 0.7 per cent (provisional) in December 2008 compared to a growth rate of 3.9 per cent in December 2007. Electricity generation grew by 2.6 per cent (provisional) during April-December 2008-09 compared to 6.6 per cent during the same period of 2007-08.
Cement production (weight of 1.99 per cent in the IIP) registered a growth of 11.6 per cent (provisional) in December 2008 compared to 4.4 per cent in December 2007. Cement Production grew by 7.0 per cent (provisional) during April-December 2008-09 compared to an increase of 7.7 per cent during the same period of 2007-08.
Finished steel production (weight of 5.13 per cent in the IIP) registered a growth of (-) 0.8 per cent (provisional) in December 2008 compared to 1.8 per cent (estimated) in December 2007. Finished steel production grew 2.7 per cent (provisional) during April-December 2008-09 compared to an increase of 6.4 per cent during the same period of 2007-08.
