India's core sector output growth slackens to 2.3 per cent in November
30 Dec 2010
India's core sector industrial production grew at a slower pace of 2.3 per cent (provisional) in November 2010 against 7.0 per cent (provisional) in the previous month.
The November 2010 growth rate was also slower compared to the 5.9 per cent growth in November 2009.
During April-November 2010-11, the six core sector industries comprising crude oil, petroleum refinery, coal, electricity, cement and steel, posted a growth of 5.0 per cent (provisional) against 4.5 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 (IIP) with base 1993-94 stood at 254.9 (provisional) in November 2010.
Production of crude oil (having a weight of 4.17 per cent in the IIP) recorded a growth of 17.0 per cent (provisional) in November 2010 against a negative growth rate of (-) 1.6 per cent in November 2009. Crude oil production registered a growth of 11.5 per cent (provisional) during April-November 2010-11 against a negative (-) 1.4 per cent during the same period of 2009-10.
Petroleum refinery production (weight of 2.00 per cent in IIP) registered a negative growth of (-) 3.7 per cent (provisional) in November 2010 against a growth rate of 4.8 per cent in November 2009. Petroleum refinery production grew 0.8 per cent (provisional) during April-November 2010-11 compared with the negative (-) 1.2 per cent growth reported during the same period of 2009-10.