Core sector slogs with 1.8 per cent growth in July
31 Aug 2012
Core sector industrial production in the country expanded at a slow pace of 1.8 per cent in July against the 8.2 per cent growth recorded in July last year.
The eight core sector industries comprising coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity recorded a combined growth of 1.8 per cent in July 2012.
The moderation in growth was on account of the negative growth in the production of crude oil and natural gas and fertilisers, besides a sharp decline in the growth of production of steel, cement and electricity.
The index of core sector industries, with 2004-05 as the base, stood at 147.3 in July 2012, showing a growth rate of 1.8 per cent year-on-year.
The eight core sector industries have a combined weight of 37.90 per cent in the general index of industrial production (IIP).
During April-July 2012-13, the cumulative growth rate of the core industries was 3.2 per cent against the 6.0 per cent growth recorded during the corresponding period in 2011-12.
