Year-on-Year Core Sector Down 2%, Up 4.2% On Monthly Basis

New Delhi, April 24: | Updated: Apr 25 2002, 05:30am hrs
Six infrastructure industries registered an unimpressive 3 per cent growth rate in the last fiscal, against 5.1 per cent during 2000-01. The six industries are crude petroleum, petroleum refinery products, coal, electricity, cement and finished steel.

In March this year, however, there was some improvement. The six industries grew at a rate of 4.6 per cent, which compares favourably with 0.4 per cent in March 2001, according to an official release. The six industries have a weightage of 26.68 per cent in the index of industrial production. All infrastructure industries, except cement and coal, showed poorer performance in 2001-02 than in 2000-01.

Crude petroleum showed a rate of -1.2 per cent in 2001-02, against 1.5 per cent in the previous fiscal. In March, it grew by 3.8 per cent as compared to 3.7 per cent in March 2001.

Petroleum refinery products grew by 3.8 per cent in the last fiscal as compared to the huge 20.3 per cent in 2000-01. In March, there was negative growth of 3.2 per cent, against an impressive 8.9 per cent in March 2001.

Coal recorded a growth rate of 4.2 per cent in 2001-02 against 3.5 per cent in the previous fiscal. In March, its rate was 3.8 per cent as compared to -2.5 per cent in March 2001.

Electricity showed a growth rate of 3.1 per cent in 2001-02, slightly lower than 3.9 per cent in the previous fiscal. In the month of March there were signs of improvement, with a growth of 5.2 per cent against a meagre 1.8 per cent in March 2001. Cement grew by 7.4 per cent in the last fiscal which was much better than -0.9 per cent in 2000-01.