Electricity pulls up core sector growth to 4.5% in Feb
Updated: Mar 31, 2014 05:28:35pm
New Delhi, Mar 31 (KNN) The eight core sector industries which have a weightage of 37.9 per cent in India’s total industrial output index registered a growth of 4.5 per cent in February 2014 over the same month last year.
The growth is seen healthy in the context of overall industrial slowdown and being pulled by over 10 per cent expansion is the electricity generation.
The next best performance among the eight core sector industries was steel which recorded a growth rate of 4.8 per cent.
However, natural gas production declined by 4.4 per cent, a development which will increase India’s dependence on imports for energy requirement.
As far as coal production is concerned, it increased by 0.1 per cent in February 2014 over last February 2014. Its cumulative index during April to February, 2013-14 increased by 0.9 per cent over corresponding period of previous year.
Crude Oil production increased by 1.9 per cent in February, 2014 over February, 2013. The cumulative index of Crude Oil during April to February, 2013-14 declined by 0.1 per cent over the corresponding period of previous year.
Petroleum refinery production registered a growth of 3.2 per cent in February, 2014 over February, 2013 and its cumulative index during April to February, 2013-14 increased by 1.6 per cent over the corresponding period of previous year.
However, fertilizer production declined by 0.7 per cent in February, 2014 over February, 2013. However, it registered a cumulative growth of 2.2 per cent during April to February, 2013-14 over the corresponding period of previous year.
Cement production increased by 2.3 per cent in February, 2014 over February, 2013 and its cumulative growth during April to February, 2013-14 was 3.3 per cent over the corresponding period of previous year. (KNN Bureau)
The growth is seen healthy in the context of overall industrial slowdown and being pulled by over 10 per cent expansion is the electricity generation.
The next best performance among the eight core sector industries was steel which recorded a growth rate of 4.8 per cent.
However, natural gas production declined by 4.4 per cent, a development which will increase India’s dependence on imports for energy requirement.
As far as coal production is concerned, it increased by 0.1 per cent in February 2014 over last February 2014. Its cumulative index during April to February, 2013-14 increased by 0.9 per cent over corresponding period of previous year.
Crude Oil production increased by 1.9 per cent in February, 2014 over February, 2013. The cumulative index of Crude Oil during April to February, 2013-14 declined by 0.1 per cent over the corresponding period of previous year.
Petroleum refinery production registered a growth of 3.2 per cent in February, 2014 over February, 2013 and its cumulative index during April to February, 2013-14 increased by 1.6 per cent over the corresponding period of previous year.
However, fertilizer production declined by 0.7 per cent in February, 2014 over February, 2013. However, it registered a cumulative growth of 2.2 per cent during April to February, 2013-14 over the corresponding period of previous year.
Cement production increased by 2.3 per cent in February, 2014 over February, 2013 and its cumulative growth during April to February, 2013-14 was 3.3 per cent over the corresponding period of previous year. (KNN Bureau)
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