India's core sector growth gathers pace

India's core sector industrial production grew at a faster pace of 5.3 per cent (provisional) in December 2010 against 4.7 per cent during the corresponding period of the previous year.

The six core sector industries comprising crude oil, petroleum refinery, coal, electricity, cement and steel, had registered a slower pace of growth of 2.3 per cent (provisional) in November 2010.

During April-November 2010-11, the six core sector industries comprising crude oil, petroleum refinery, coal, electricity, cement and steel, posted a growth of 5.0 per cent (provisional) against 4.5 per cent during the corresponding period of the previous year.
 
The index of the 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 278 (provisional) recorded a growth of 6.6 per cent (provisional) in December 2010 against 6.2 per cent recorded in December 2009. 

During April-December 2010-11, the six core sector industries registered a growth of 5.3 per cent (provisional) against 4.7 per cent during the corresponding period of the previous year.

Production of crude oil, which has a weight of 4.17 per cent in the IIP, posted a growth of 15.8 per cent (provisional) in December 2010 against a growth rate of 1.1 per cent in December 2009. Crude production had grown 12 per cent (provisional) during April-December 2010-11 compared to a negative (-)1.1 per cent during the same period of 2009-10.

Petroleum refinery production (weight of 2 per cent in IIP) recorded a growth of 8.3 per cent (provisional) in December 2010 against a growth of 0.9 per cent in December 2009. Petroleum refinery production recorded a growth of 1.6 per cent (provisional) during April-December 2010-11 against a negative (-) 1 per cent during the same period of 2009-10.