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November core infra grows at 1.7%
 
 
The core infrastructure grows to 1.7% (Y-O-Y) in November 2013 as compared to (-) 0.6% (Y-O-Y) in October 2013. The combined index of Eight Core Industries stands at 153.5 in November 2013 with a growth rate of 1.7% as compared to 5.8% in November 2012. Crude oil and Natural gas registered a growth rate of 1.1% and (-) 11.3% respectively in the month of November 2013. 
 
   Sector wise trend in monthly production                                         (% growth)
Sector
Weight in IIP
Nov’ 13
Oct’13
Crude Oil
5.22
1.1
(-) 0.8
Natural Gas
1.71
(-) 11.3
(-) 13.6
Petroleum Refinery  Products
5.94
(-) 5.0
(-) 4.8
Coal
4.38
2.3
(-) 3.9
Fertilizer
1.25
0.6
4.1
Electricity
10.32
5.9
1.3
Cement
2.41
4.2
1.0
Steel
6.68
3.9
3.5
Overall
37.90
1.7
(-) 0.6
  Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India
 
In cumulative terms core infrastructure industries registered a growth of 2.5% during Apr-Nov 2013-14 as against 6.7% during the corresponding period of previous year.
 
    Sector wise trend in production                                                                                 (% growth)  
Sector
Weight
Apr-Nov 2013-14
Apr-Nov 2012-2013
Crude  Oil
5.22
(-)  0.9
(-)  0.5
Natural  Gas
1.71
(-)  15.6
(-)  13.1
Petroleum  Refinery Products
5.94
2.6
29.7
Coal
4.38
1.5
7.8
Fertilizer
1.25
2.5
(-)  3.3
Electricity  
10.32
5.0
4.6
Cement
2.41
4.0
7.7
Steel
6.68
4.3
2.2
Overall
37.90
2.5
6.7

      Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India
 
Electricity generation grew by 5% during Apr–Nov 2013-14 as against 4.6% growth during Apr–Nov 2012-13, while steel production grew by 4.3% during Apr– Nov 2013-14 as against 2.2% during Apr- Nov 2012-13. The production in crude oil grew by (-) 0.9% during Apr– Nov 2013-14 as compared to its growth at (-) 0.5% during Apr– Nov 2012-13, whereas petroleum refinery production registered a growth of 2.6% during Apr– Nov 2013-14 as compared to 29.7% during Apr– Nov 2012-13. Fertilizer production grew by 2.5% during Apr– Nov 2013-14 compared to its growth at (-) 3.3% during Apr– Nov 2012-13 and cement production grew by 4% during Apr– Nov 2013-14 compared to its growth at 7.7% during Apr– Nov 2012-13.

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