Infrastructure industries' growth dips to 3.4% in June

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New Delhi, Aug 12 (UNI) Barring coal, decline in production of core infrastructure industries brought down sectoral growth to a measely 3.4 per cent in June from 5.2 per cent in the comparable month a year ago, government data released today said.

For the April-June quarter of current fiscal, the growth came down to 3.5 per cent from 6.4 per cent in the year-ago quarter, it added.

Coal production went up by 6.2 per cent in June compared to less than one per cent at 0.9 in June 2007. The first quarter growth was a robust 8.4 per cent from just 0.6 per cent in April-June 2007.

Production of crude oil, petroleum refinery products, electricity, cement and finished (carbon) steel, however, recorded a decline in both the month and quarter.

Crude oil production, which recorded a negative growth of 1.8 per cent in June 2007, declined further in June this year, pushing the negative to 4.7 per cent. In April-June 2008, the decline was minus 0.2 per cent from minus 0.7 per cent in the comparable quarter of previous year.

Petroleum refinery products grew by 5.6 per cent in the month, a dip of over four per cent from 9.9 per cent in June 2007. Its growth in the first quarter of this year fell by a whopping 10 per cent to 3.3 from 13.3 per cent in the same period last year.

Electricity generation recorded a growth of 2.6 per cent in June 2008, down over four per cent from 6.8 in June 2007. Its growth in April-June quarter was two per cent, down over six per cent from 8.3 in the comparable quarter of previous year.

Cement production also went down in June, recording a growth of 3.8 per cent from six per cent in June, 2007, while quarterly dip was to 5.8 per cent from 7.2 per cent.

Finished (carbon) steel grew by 4.4 per cent in June compared to 5.1 per cent in June of previous year. The first quarterly decline was one per cent to 4.5 per cent this year from 5.4 per cent from the previous year, the data added.

UNI SAA SR HS1539

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