New Delhi, Sept 13 (UNI) Slowdown in the industrial growth in July has also been reflected in the decline in growth of all six core-infrastructure industries which have a combined weight of 26.7 per cent in the Index of Industrial Production (IIP).
Growth in all six core-infrastructure industries such as coal, petroleum, steel, cement, crude petroleum and electricity declined by between over one per cent to eight per cent to pull down the overall growth to 6.3 per cent in July-2007 from 10.9 per cent in July-2006, provisional data released by the government today said.
For first four months of the current fiscal (April-July), the growth was 6.1 per cent as against 8.7 during the corresponding period of the previous year.
Coal and petroleum refinery production declined by as much as 8 per cent each during the comparable months of the two years, while production of finished carbon steel went down by 7 per cent and that of cement and crude petroleum by 5 per cent each. The lowest decline was recorded by electricity at 1.4 per cent.
Coal production, which has a weightage of 3.22 per cent in the IIP, registered a meagre growth of just 1.1 per cent in July-2007 compared to 9.1 per cent in July-2006. Similarly, petroleum refinery production (2 per centweightage in IIP) declined to 4.6 per cent from 12.6 per cent during the comparable months.
Production of finished carbon steel, having weightage of 5.15 per cent in IIP, declined by over 7 per cent to a growth of 7.9 per cent in July this year from 15 per cent growth recorded in the same month last year.
Growth of both cement and crude petroleum production declined by 5 per cent each, while that of cement went down to 9 per cent from 14 per cent. Crude petroleum registered a negative growth of 0.9 per cent compared to 4.1 per cent in July-2006.
Cement has weightage of 1.99 per cent, while crude petroleum's weightage stands at 4.17 per cent in IIP.
Generation of elecricity, which enjoys highest weightage of 10.17 per cent in the IIP, however, maintained a healthy growth of 7.5 per cent in July-07; yet down by 1.4 per cent from 8.9 per cent recorded in July-06.