Strong growth in coal and electricity output supports core infrastructure sectors growth
The Eight Core Industries having a combined weight of 37.90% in the Index of Industrial Production (IIP has recorded an increased to 3.7% in August 2013, posting highest growth in last 10-months.Coal production (weight: 4.38 %) increased by 5.5 % in August 2013 over August 2012. The cumulative index for coal during April to August, 2013-14 increased by 0.5 % over corresponding period of previous year.
Crude Oil production (weight: 5.22 %) moderated by 1.5 % in August 2013 over August 2012. Its cumulative index during April to August, 2013-14 moderated by 1.6 % over the corresponding period of previous year.
The Natural Gas production (weight: 1.71 %) declined by 16.1 % in August 2013 over August 2012. Its cumulative index during April to August, 2013-14 declined by 17.0 % over the corresponding period of previous year.
Petroleum refinery production (weight: 5.94 %) registered a growth of 4.9% in August 2013 over August 2012, and its cumulative growth during April to August, 2013-14 was 4.8 % over the corresponding period of previous year.
Fertilizer production (weight: 1.25 %) registered a growth of 1.7 % in August 2013 over August 2012 and it registered a cumulative growth of 1.8 % during April to August 2013-14 over the corresponding period of previous year.
Steel production (weight: 6.68 %) recorded a growth rate of 4.3 % in August 2013 over August 2012. The cumulative growth during April to August, 2013-14 was 4.1 % over the corresponding period of previous year.
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Cement production (weight: 2.41 %) increased by 5.5 % in August 2013 over August 2012 and its cumulative growth during April to August, 2013-14 was 3.2 % over the corresponding period of previous year.
Electricity generation (weight: 10.32 %) increased by 6.7 % growth in August, 2013 over the period of August, 2012 and it registered a cumulative growth of 4.1 % during April to August, 2013-14 over the corresponding period of previous year.
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