Infrastructure Sector Totters Up 3.8% Growth In April-August

New Delhi, Sept 22: | Updated: Sep 23 2003, 05:30am hrs
The six infrastructure industries continued to register dismal performance in August, registering a paltry growth rate of 3.7 per cent, much below 7.4 per cent in the corresponding month last year. The six infrastructure industries include crude petroleum, petroleum refinery products, coal, electricity, cement and finished steel.

For the April-August period, too, growth has been less than impressive at 3.8 per cent, as compared to a healthy 7.3 per cent during the first five months of 2002-03, according to an official release here on Monday. This is not surprising because growth ranged between 2.6-4 per cent during the first five months of the current fiscal, whereas it was between 5.4-10.2 per cent during April-August 2002.

Only petroleum refinery products showed some improvement in August, growing by 7.3 per cent, against 6.6 per cent in August 2002. During April-August, growth was 5.2 per cent, as compared to 6.2 per cent during the corresponding period last fiscal.

Finished steel continued to report good performance in August with 9.4 per cent, though it was below 14.9 per cent in August 2002. During April-August, growth was 8.1 per cent which, though lower than 11.2 per cent during the corresponding period last fiscal, is still creditable because the base was so high.

Growth in cement declined considerably, a mere 5.7 per cent in August, as compared to 12.2 per cent in August 2002. During the first five months, growth in cement was 4.7 per cent, less than half of 11.6 per cent during April-August 2002.

Crude petroleum showed a negative growth of 3.4 per cent in August, against 1.9 per cent in August last year. For the first five month, too, there was a negative growth of 1.9 per cent.

Electricity generation grew by just 0.9 per cent in August, against 4.1 per cent in August last year.