Growth of infrastructure industry declines by 1.8 percent in July

New Delhi, Aug 26 (ANI): The growth of the infrastructure industry in the country dipped by 1.8 percent in July.

A contraction of 14.4 percent in petroleum iindustry constricted expansion of the six other industries.

The petroleum refinery, crude oil, coal, electricity, cement and steel which are considered as the core, accounts for 26.68 percent in the country's industrial production,

The development has raised hopes of recovery of the industries in the country.

Crude oil, though at lower rates, dipped by 0.4 percent in July against minus three percent a year ago.

However, coal expanded by 9.7 percent against 5.5 percent, electricity by 3.3 percent as compared to 4.5 percent, cement by 10.6 percent as against 5.5 percent and finished steel by 1.2 percent as against 6 percent.

Meanwhile, core industries of the country improved performance by 4.1 percent during the quarter of April to July as against the corresponding months in the last financial year, thanks to better showing in the previous three months. (ANI)