India's core sector grows 5 per cent in May
28 Jun 2010
The core sector in India, which includes industries like crude oil, petroleum refining, coal, electricity, cement and steel, recorded a growth of 5.0 per cent (provisional) in May 2010 compared with 3.2 per cent in May 2009.
During April-May 2010-11, the six core sector industries recorded a growth of 5.1 per cent (provisional) against 3.5 per cent during the corresponding period of the previous year.
The index of six core industries (with base 1993-94) having a combined weight of 26.7 per cent in the index of industrial production (IIP) stood at 266.9 (provisional) in May 2010.
Production of crude oil (weight of 4.17 per cent in the IIP) grew 5.8 per cent (provisional) in May 2010 against a negative (-)4.3 per cent in May 2009. Crude production recorded a growth of 5.5 (provisional) during April-May 2010-11 against (-)3.7 per cent in the same period of 2009-10.
Petroleum refinery production (weight of 2.00 per cent in IIP) recorded a growth of 7.7 per cent (provisional) in May 2010 against a negative (-)4.3 per cent in May 2009. Petroleum refinery production recorded a growth of 6.5 per cent (provisional) during April-May 2010-11 against (-) 4.4 per cent during the same period of 2009-10.
Coal production (weight of 3.2 per cent in the IIP) posted a growth of 0.1 per cent (provisional) in May 2010 compared with a growth rate of 10.4 per cent in May 2009. Coal production grew (-) 1.4 per cent (provisional) during April-May 2010-11 compared with an increase of 12.3 per cent during the same period of 2009-10.