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August core infra grows at 5.8%

The core infrastructure grows to 5.8% (Y-O-Y) in August 2014 as compared to 2.7% (Y-O-Y) in July 2014. The combined index of Eight Core Industries stands at 165.1 in August 2014 with a growth rate of 5.8% in August 2014 as compared to 4.7% in August 2013. Crude oil and Natural gas registered a growth rate of (-) 4.9% and (-) 8.3% respectively in the month of August 2014.

   Sector wise trend in monthly production                                                           (% growth)
SectorWeight in IIPAugust’14Jul’14
Crude Oil5.22-4.9(-)1
Natural Gas1.71-8.3(-)9
Petroleum Refinery Products5.94-4.3(-)5.5
Coal4.3813.46.2
Fertilizer1.25-4.3(-)4.2
Electricity10.3212.611.2
Cement2.4110.316.5
Steel6.689.1(-)3.4
Overall37.905.82.7
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 4.4% during April-August 2014-15 as against 4.2% during the corresponding period of the previous year.

     Sector wise trend in production                                                                                          (% growth)  
SectorWeightApr-August 2014-15Apr- August2013-14
Crude Oil5.22(-)1.2(-)1.6
Natural Gas1.71(-)5.8(-)17.0
Petroleum Refinery Products5.94(-)2.74.6
Coal4.387.20.2
Fertilizer1.252.81.8
Electricity10.3211.34.4
Cement2.4111.03.1
Steel6.682.013.3
Overall37.904.44.2

Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

Electricity generation grew by 11.3% during Apr–August 2014-15 as against 4.4% growth during Apr–August 2013-14, while steel production grew by 2.0% during Apr– August 2014-15 as against 13.3% during Apr- August 2013-14. The production in crude oil grew by (-)1.2% during Apr– August 2014-15 as compared to its growth at (-) 1.6% during Apr– August 2013-14, whereas petroleum refinery production registered a growth of (-)2.7% during Apr– August 2014-15 as compared to 4.6% during Apr– August 2013-14. Fertilizer production grew by 2.8% during Apr– August 2014-15 compared to its growth at 1.8% during Apr– August 2013-14 and cement production grew by 11.0% during Apr– August 2014-15 compared to its growth at 3.1% during Apr– August 2013-14.
 Trend in growth of steel, cement, electricity, coal and overall                                             (%)

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