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Infrastructure growth slows to 2.2% in Nov 2008
January 12, 2009 12:01 IST
Growth in India's six core infrastructure industries slowed to 2.2 per cent in November 2008 as petroleum refinery products, electricity production and finished steel showed poor performance.
The six core infrastructure industries -- crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel -- had registered a growth rate of 5.1 per cent in November 2007.
During April-November 2008-09, the core industries registered a growth rate of 3.6 per cent as against 6.4 per cent in the corresponding period previous year.
Displaying poor performance, petroleum refinery products production recorded a decline of 1.1 per cent in November 2008 against a growth rate 5.2 per cent a year ago.
Growth in power generation too was down to 2.6 per cent from 5.8 per cent in November 2007.
While finished carbon steel registered a decline of 1.4 per cent compared to a growth rate of 4.8 per cent in the same period last year.
However, coal output grew by 9.6 per cent in November 2008 from 7.7 per cent, while cement production rose by 8.7 per cent from 5.2 per cent.
Crude oil production rose by merely 0.5 per cent in the period against 0.3 per cent in November 2007.
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