Core sector output grows 5.1 per cent in September
31 Oct 2012
Core sector industrial production in the country expanded at a faster pace of 5.1 per cent in September 2012 compared to its 2.5 per cent growth in September 2011.
The eight core sector industries comprising coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity had recorded a combined growth of 2.1 per cent in August 2012.
The combined index of the eight core sector industries, which have a combined weight of 37.90 per cent in the general index of industrial production (IIP) stood at 139.5 in September 2012.
The modest growth in September 2012 was on account of double-digit growth witnessed in the production of coal, petroleum refinery products and cement, data released by the Central Statistical Office (CSO) showed.
During April-September 2012-13, core sector industries showed a cumulative growth of 3.2 per cent against a 5.0 per cent growth reported during the corresponding period in 2011-12.
Coal production (having a weight of 4.38 per cent in the general index) recorded a growth of 21.4 per cent in September 2012 compared to its negative growth of (-) 18.2 per cent in September 2011.
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