India's core industries grew at a robust 7.2 per cent in March
27 Apr 2010
Core sector industries in the country recorded a 7.2 per cent (provisional) growth in production in March 2010, up from 4.5 per cent (provisional) in February 2010 and 3.3 per cent in March 2009.
During April-March 2009-10, the six core industries comprising crude oil, petroleum refinery, coal, electricity, cement and finished steel, posted a growth of 5.5 per cent (provisional) against 3 per cent during the corresponding period of the previous year.
The index of the six core industries having a combined weight of 26.7 per cent in the index of industrial production (with base 1993-94) stood at 257.4 (provisional) in March 2010, recording a growth of 7.2 per cent (provisional).
Production of crude oil (weight of 4.17 per cent in the IIP) grew 3.5 per cent (provisional) in March 2010 compared with a negative growth rate of (-) 2.3 per cent in March 2009. Crude production grew 0.5 per cent (provisional) during April-March 2009-10 against (-) 1.8 per cent during the same period of 2008-09.
Petroleum refinery production (weight of 2.0 per cent in IIP) registered a growth of (-) 0.4 per cent (provisional) in March 2010 compared with 3.3 per cent in March 2009. Petroleum refinery production registered a growth of (-) 0.4 per cent (provisional) during April-March 2009-10 compared with 3.0 per cent during the same period of 2008-09.
Coal production (weight of 3.2 per cent in the IIP) grew 7.8 per cent (provisional) in March 2010 compared with a growth rate of 5.3 per cent in March 2009. Coal production grew 7.9 per cent (provisional) during April-March 2009-10 against an increase of 8.0 per cent during the same period of 2008-09.