Growth in India's six infrastructure industries slowed to 1.4 per cent in January as production in the core sectors came down. Only cement showed some signs of optimism.
The six industries - crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel, considered core of the infrastructure sector, had registered a growth rate of 3.6 per cent in January 2008.
During the April-January period of this fiscal, the industries posted a growth rate of 3.2 per cent against 5.7 per cent in the corresponding period previous year.
Crude oil production declined further to 8.1 per cent in January after a dip of 0.2 per cent in the corresponding month last year. Petroleum refinery production too declined by 2.6 per cent against a growth rate of 5.4 per cent in the year-ago period.
Coal output and electricity generation registered growth rates of 6.3 per cent and 1.4 per cent in January against 7.9 per cent and 3.7 per cent, respectively, in the same month previous year.
Finished steel production registered a growth of 1.2 per cent in January against 2 per cent last year, while cement production grew by 8.3 per cent compared to 5.6 per cent in January 2008.
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