India's infrastructure sector grows by 3.4% in June

A coal power station.

India's six core industries grew by 3.4 per cent in June this year as compared to 6.3 per cent in the same month of 2009, an official statement said here today, quoting provisional data.

The six core industries had registered a growth rate of 5 per cent in May this year.

During April-June in the current financial year (2010-11), the six core industries registered a growth of 4.6 per cent as against 4.3 per cent during the corresponding period of the previous fiscal.

The index of six core industries, which have a combined weight of 26.7 per cent in the Index of Industrial Production (IIP), stood at 258.1 in June, 2010, the statement said.

According to the provisional data, crude oil production, which has a weight of 4.17 per cent in the IIP, grew by 6.8 per cent in June as compared to 4 per cent in the same month last year. Crude oil production registered a growth of 5.9 per cent during April-June this year as compared to -1.3 per cent in the corresponding period of 2009-10.

Petroleum refinery production, which has a weight of 2 per cent in the IIP, was up 2.9 per cent in June this year as compared to a decline of 3.8 per cent in the same month of 2009. It grew by 5.3 per cent in April-June this year as against a decline of 4.2 per cent in the corresponding period of 2009-10.

In the case of coal production, which has a weight of 3.2 per cent in the IIP, there was a 0.9 per cent growth in June this year as against 15.2 per cent in June 2009. Coal production fell by 0.4 per cent during April-June this year as compared to an increase of 13 per cent in the same period of the previous financial year.

Electricity generation, with a weight of 10.17 per cent in the IIP, registered a growth of 3.4 per cent in June this year as against 7.7 per cent in the same month last year. It grew by 5.6 per cent in the first quarter of this fiscal as compared to 5.8 per cent in the same quarter of the previous year.

Cement production, which has a weight of 1.99 per cent in the IIP, was up 3.6 per cent in June this year as compared to 12.7 per cent in the same month last year. It grew by 7 per cent in the first quarter as compared to 12.1 per cent in the same period of 2009-10.

Production of finished (carbon) steel, which has a weight of 5.13 per cent in the IIP, went up by 3.5 per cent in June 2010 as against 3.6 per cent in the corresponding month last year. It grew by 3.6 per cent in the April-June quarter this year as compared to 1.7 per cent in the same period of last year, the statement added.

NNN