Eight core sector industries grew by 3.9% in Jan

Negative growth in production of crude oil, natural gas, fertiliser and cement affects growth

The index of eight core industries grew by 3.9% in January 2013, as against its growth of 2.2% in the corresponding period of the previous year. The combined index read 158.7 in January 2013.

The low growth rate in January is attributed to a fall in production of Crude Oil, Natural Gas, Fertilizers and Cement.

The cumulative growth of the index of the core industries in the April-December period is 3.2%, against its growth of 5.0% in the previous year.

The eight core industries have a weight-age of 37.90% in the Index of Industrial Production.