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Core sectors peg 6% growth in June

on Jul 23, 2009


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The six core industries grew by 6.5% in June 2009 against 5.1% in the same month last year on improved production in cement, coal, crude oil and electricity. The growth rate of six core industries-- crude oil, petroleum refinery products, coal, electricity, cement and finished steel -- was 2.8% in May.
During April-June this fiscal, core industries grew by 4.8%, compared to 3.5% in the corresponding period the previous year. Cement production increased by 12.8% in June 2009 against 6.6% a year ago, while coal production rose by 14.7% during the month against 6.1% in June 2008.
Electricity generation grew by 7% in June 2009, against a growth rate of 2.6% in June 2008. Crude oil production, too, registered a rise of 4% in June 2009, while it had dipped by 4.7% in the same month
last year.
Production in petroleum refinery products shrank by 3.7% in the third month of the current fiscal compared to the 5.6% rise in June 2008. Finished steel production posted a growth rate of 5.3% in June 2009 against 10.4% in the same month last year.
 

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