India's core sector production slackens to 3.5 per cent in August
27 Sep 2011
Core sector industrial production in the country slowed to 3.5 per cent in August 2011, from a high 7.8 per cent expansion recorded in the previous month (July 2011), It was also slower than the 4.4 per cent growth recorded in August 2010.
The index of the eight core sector industries having a combined weight of 37.90 per cent in the general index of industrial production (IIP) stood at 138.45 in August 2011, showing a growth of 3.5 per cent compared to their growth at 4.4 per cent in August 2010.
The six core sector industries, comprising coal, crude oil, natural gas, petroleum and refinery products, fertiliser, steel, cement and electricity, recorded a cumulative growth of 5.3 per cent in April-August 2011-12, against a growth of 6.1 per cent during the corresponding period of the previous year.
Coal production (having a weight of 4.38 per cent in IIP) showed a negative growth of (-) 15.3 per cent in August 2011 against a growth of 1 per cent in August 2010. Coal production during April-August 2011-12 also showed a negative growth rate of (-) 2.4 per cent, against a 0.6 per cent growth during the same period in 2010-11.
Production of crude oil (weight of 5.22 per cent) recorded a growth of 1.6 per cent in August 2011 against a 15.2 per cent growth in August 2010. Cumulative growth of crude oil production during April-August 2011-12, however, stood at 6.1 per cent, against a growth rate of 9.8 per cent during the same period in 2010-11.
Natural gas production (weight of 1.71 per cent) also grew at a negative (-) 5.3 per cent in August 2011, against an 11.9 per cent growth recorded in August 2010. Cumulative growth rate of natural gas production during April-August 2011-12 was (-) 8.9 per cent, against a growth of 27.8 per cent during the same period in 2010-11.
