Strong growth in coal, cement 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 8% in September 2013, posting highest growth in last 12-months.Coal production (weight: 4.38 %) increased by 12.5% in September, 2013 over September, 2012. The cumulative index for coal during April to September, 2013-14 increased by 2.3% over corresponding period of previous year.
Crude Oil production (weight: 5.22 %) increased by 0.6% in September,2013 over September, 2012.However, its cumulative index during April to September, 2013-14 moderated by 1.3% over the corresponding period of previous year.
The Natural Gas production (weight: 1.71 %) declined by 14.1% in September, 2013 over September, 2012. Its cumulative index during April to September, 2013-14 declined by16.5% over the corresponding period of previous year.
Petroleum refinery production (weight: 5.94 %) registered a growth of 8.0% in September, 2013 over September, 2012,and its cumulative growth during April to September, 2013-14was5.3% over the corresponding period of previous year.
Fertilizer production (weight: 1.25 %) registered a growth of 5.3% in September,2013over September, 2012 and it registered a cumulative growth of 2.5% during April toSeptember,2013-14over the corresponding period of previous year.
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Steel production (weight: 6.68 %) recorded a growth rate of 6.6% in September,2013over September, 2012.The cumulative growth during April to September, 2013-14 was 4.5%over the corresponding period of previous year.
Cement production (weight: 2.41 %) increased by 11.5% in September, 2013over September, 2012 and its cumulative growth during April to September, 2013-14 was 4.5% over the corresponding period of previous year.
Electricity generation (weight: 10.32 %) increased by 12.6% growth in September,2013 over the period of September, 2012 and it registered a cumulative growth of 5.4%during April to September, 2013-14 over the corresponding period of previous year.
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