The Hindu : Infrastructure growth dips

Online edition of India's National Newspaper
Saturday, Aug 23, 2003

Business

Business

Infrastructure growth dips

By Our Special Correspondent

NEW DELHI AUG. 22. Infrastructure growth dipped to a low 2.6 per cent in July this year, a steep fall from the 10.2 per cent recorded in the same month last year. The overall growth during April-July 2003 has thus fallen to 3.6 per cent from 7.2 per cent over the same period last year.

An official release says the decline is largely due to poor output in electricity, crude petroleum, coal and cement sectors. The aggregate growth of the crude petroleum, refinery, coal, electricity, cement and finished steel sectors has dipped to 2.6 per cent in July from 4.7 per cent in June, 4 per cent in May and 3.9 per cent in April during the current fiscal. The lowest growth has been in the electricity sector with a 1.9 per cent decline as compared to 6 per cent recorded in the same month last year.

Crude petroleum also showed sluggish growth of 0.4 per cent last month compared to 8.6 per cent in July last year.

The data released today shows that the six core sectors recorded a lower growth during April-July this year. Crude petroleum output fell by 1.5 per cent as compared to 7.6 per cent in the same period last year while petroleum refinery production was estimated at only 2.1 per cent (6.1 per cent).

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