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Core sector growth slows to 2.4% in Nov 2008

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 7:17 PM IST

Growth in India's six core infrastructure industries slowed to 2.4% in November 2008 as petroleum refinery products, electricity production and finished steel showed poor performance.

The six core infrastructure industries -- crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel -- had registered a growth rate of 4.9% in November 2007.

During April-November 2008-09, the core industries registered a growth rate of 3.6% against 6.4% in the same period previous year.

Petroleum refinery products production recorded a decline of 1.1% in November 2008 against a growth rate 5.2% a year ago.

Growth in power generation too was down to 2.6% from 5.8% in November 2007, while finished carbon steel saw a decline of 1.4% compared to a growth rate of 4.8% in the same period last year.

However, coal output grew by 9.6% in November 2008 from 7.7%, while cement production rose by 8.7% from 5.2%. Crude oil production rose by merely 0.5% in the period against 0.3% in November 2007.

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First Published: Jan 12 2009 | 12:04 PM IST

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