The Hindu : Core sector records 3.4 p.c. growth in Nov.

Online edition of India's National Newspaper
Wednesday, Dec 25, 2002

Business

Business

Core sector records 3.4 p.c. growth in Nov.

NEW DELHI DEC. 24. Low growth in coal and petroleum refinery products in November led to a marginal decline in overall growth of six infrastructure industries to 3.4 per cent compared to four per cent in the corresponding period last year.

The six infrastructure industries however sustained a healthy 6.4 per cent cumulative growth rate during April-November against just 1.3 per cent in 2001-02, as per data released by the Industry Ministry here today.

The marginal decline in November was mainly on account of a sharp dip in coal sector growth to 0.8 per cent from 11.8 per cent in November 2001.

Similarly, petroleum refinery products also witnessed a lower growth at 4.7 per cent compared to 7.4 per cent in November 2001 while cement also declined to 6 per cent from 6.4 per cent in the same month last year.

The only industries that sustained a growth rate higher than last year during the month were finished steel whose growth rate nearly doubled to 7.8 per cent from 3 per cent in 2001 and crude petroleum and electricity which posted growth rates of 0.7 and 3.5 per cent respectively.

PTI

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