India's infrastructure sector grows by 5 % in May

India's infrastructure sector grows by 5 % in May

New Delhi, June 28, 2010

India's six core industries grew by 5 per cent in May this year as compared to 3.2 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 5.1 per cent in April this year..

During April-May this year, the six core industries registered a growth of 5.1 per cent as against 3.5 per cent during the corresponding period of the previous financial year.

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 266.9 in May 2010, the statement said.

According to the provisional data, crude oil production, which has a weight of 4.17 per cent in the IIP, registered a growth rate of 5.8 per cent in May as against a decline of 4.3 per cent in the same month of last year. Crude oil production grew by 5.5 per cent in April-May as compared to a decline of 3.7 per cent in the same period of the previous fiscal.

Petroleum refinery production, which has a weight of 2 per cent in the IIP, went up by 7.7 per cent in May 2010 as compared to a decline of 4.3 per cent in the same month of 2009. It grew by 6.5 per cent in April-May this year as compared to a fall of 4.4 per cent in the corresponding period of last year.

Coal production, which has a weight of 3.2 per cent in the IIP, registered a growth of 0.1 pr cent in May this year as against 10.4 per cent in the same month of 2009. Coal production grew by 1.4 per cent in April-May this year as compared to an increase of 12.3 per cent in the same period of 2009-10.

In the case of electricity generation, which has a weight of 10.17 per cent in the IIP, the growth was 6.4 per cent in May this year as compared to 3 per cent in the same month last year. It grew by 6.6 per cent in the first two months of this fiscal as against 4.8 per cent in the same period of the previous year.

Cement production, which accounts for 1.99 per cent in the IIP, grew by 8.6 per cent in May this year as compared to 11.8 per cent in May 2009. Cement production grew by 8.7 per cent in April-May this year as compared to an increase of 11.8 per cent during the same period of 2009-10.

Finished (carbon) steel production, which has a weight of 5.13 per cent in the IIP, registered a growth of 2.5 per cent in May this year as compared to 2.8 per cent in May last year. It grew by 3.6 per cent in April-May as against an increase of 0.8 per cent in the same period of 2009-10.

NNN

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