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Core sector growth slips marginally to 3.4% in Nov

December 24, 2002 15:06 IST

Low growth in coal and petroleum refinery products during November, led to marginal decline in overall growth of the six infrastructure industries to 3.4 per cent compared to four per cent in the corresponding period last year.

The six infrastructure industries however sustained a healthy 6.4 per cent cumulative growth rate during April-November against just 1.3 per cent in 2001-02, as per data released by the industry ministry in New Delhi on Tuesday.

The marginal decline in November was mainly on account of a sharp dip in coal sector growth to 0.8 per cent from 11.8 per cent in November 2001.

Similarly, petroleum refinery products also witnessed a lower growth at 4.7 per cent compared to 7.4 per cent in November 2001 while cement also declined to six per cent from 6.4 per cent in the same month last year.

The only industries, which sustained a growth rate higher than last year during the month were finished steel whose growth rate nearly doubled to 7.8 per cent from three per cent in 2001 and crude petroleum and electricity which posted growth rates of 0.7 and 3.5 per cent respectively.