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 |
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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