India's February infrastructure output growth rises to 4.5 pct: Govt

Written by Agencies | New Delhi | Updated: Apr 1 2014, 01:15am hrs
InfraIn the first 11 months of the current fiscal year, infrastructure sector output grew an annual 2.6 pct. Reuters
Healthy output of electricity, coal and crude oil has helped in pushing the core sector, or infrastructure, growth rate to 4.5 per cent in February from 1.3 per cent in the same month a year ago.

The index of eight core industries grew 1.6 per cent in January this year.

The eight core industries -- fertilisers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas -- have a combined weight of about 38 per cent in the Index of Industrial Production.

However, the core sector growth was slowed down to 2.6 per cent during the April-February period of this financial year compared with 6.4 per cent in the same period of 2012-13.

Electricity generation grew exponentially by 10.4 per cent in the month under review as against (-) 3.7 per cent in February 2013.

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Output of coal and crude oil registered a growth of 0.1 per cent and 1.9 per cent against (-) 6.1 per cent and (-) 4 per cent, respectively.

Steel production recorded a marginal growth of 4.8 per cent, while the expansion in cement production slowed to 2.3 per cent. Natural gas registered a negative growth of 4.4 per cent and refinery products generation expanded 3.2 per cent.

Showing a ray of hope, industrial output entered positive territory and recorded a 0.1 per cent growth in January after contracting for three months in a row. PTI RR RAH 03311848

Assocham reacts to infrastructure numbers, wants strong policy measures on coal, gas pricing

Industry body Assocham has pressed for strong policy measures on pricing of coal and gas, strengthening the power distribution framework and addressing the issue of public sector monopoly in coal production to lift the performance of core sector.

"The new government needs to initiate a comprehensive review of not only policies but also processes that govern core industries," Assocham Secretary General D S Rawat said.

Healthy output of electricity, coal and crude oil helped in pushing the core sector growth to 4.5 per cent in February from 1.3 per cent in the same month a year ago.

The Index of Eight Core Industries grew 1.6 per cent in January this year.

The eight core industries -- fertilisers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas -- have a combined weight of about 38 per cent in the Index of Industrial Production.

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India's core sector grow by 4.5% in February

(Reuters) India's infrastructure sector output rose 4.5 percent year-on-year in February, mainly driven by higher electricity, oil refining and steel production, government data showed on Monday.

The sector grew 1.6 percent year-on-year in January.

In the first 11 months of the current fiscal year, the output grew an annual 2.6 percent, the data showed.

The infrastructure sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 percent of India's industrial output.