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Infrastructure growth declines to 3.9% in H1
| ‘Boosting growth becomes the focus of all policy actions’ |
NEW DELHI: The impact of global economic slowdown is being felt by the infrastructure industries in India too. As a result, the growth of six core industries in the first half of the current fiscal (April-September 2008-09) declined to 3.9 per cent from 6.9 per cent during the same period in the previous fiscal.
As per the data released by the Union Commerce and Industry Ministry, the index of six core infrastructure industries — crude oil, petroleum refinery products, coal, electricity, cement and finished steel (carbon) — registered a growth of 3.9 per cent (provisional). However, in September, 5.1 per cent (provisional) growth was recorded compared to a growth of 5.8 per cent in the year-ago period.
Barring coal production that registered a growth of 7.9 per cent during April-September this year against 2.8 per cent , all the other sectors fared poorly during the period.
Crude oil production went down by minus 0.8 per cent against 0.7 per cent; petroleum refinery products declined to 4.5 per cent from 9.8 per cent; electricity declined to 2.6 per cent from 7.6 per cent; cement to 6 per cent from 8.7 per cent and finished steel to 5.3 per cent from 7.7 per cent.
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