Indian core sector growth declines to 3.6 %
Indian core sector growth declines to 3.6 %
Growth of six industries declines to 3.6 per cent in April.

New Delhi: After a slowdown in industrial production, the growth in the output of six core sectors, including crude oil refining, coal and electricity, has also registered a steep fall in April, latest official data showed Wednesday.

The growth of these six industries—crude oil, petroleum refining, coal, electricity, cement and finished steel—declined to 3.6 per cent in April, against 5.9 per cent in the like month of last year, the statistics showed.

The six core infrastructure industries had registered a 9.6 per cent growth in March.

These core infrastructure industries also have a combined weight of 26.7 per cent in the overall Index of Industrial Production.

The refinery products growth slowed down considerably to 4.3 per cent in April from 15.1 per cent in the corresponding month last year while the crude oil growth came down to 0.9 percent from 1.4 per cent.

Electricity generation growth also declined to 1.4 per cent from a robust 8.7 per cent in April 2007.

The other three sectors—coal, cement and steel—registered positive growth rates. Coal production saw a 10.3 per cent increase from a mere 0.6 per cent, cement increased by 6.9 per cent from 5.8 per cent and finished steel rose by 4 per cent from 2.7 per cent.

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