Core sector slides as well
Infrastructure growth slips to a worrisome 6 per cent in September, which, coupled with low industrial output growth, triggers concerns about an overall economic slowdown, report Samiran Saha & Gaurav Choudhury.business Updated: Nov 13, 2007 22:54 IST
Infrastructure growth slipped to a worrisome 6 per cent in September, which, coupled with low industrial output growth, triggered concerns about an overall economic slowdown.
The six core infrastructure industries, that have a combined weight of 26.7 per cent in the index of industrial production, grew 6 per cent in September compared with 10.6 per cent in the corresponding month of 2006.
The latest data comes a day after the figures showed that industrial growth slipped to its lowest in 11 months at 6.4 per cent in September against 12 per cent in the same month last year.
Cumulative growth of the infrastructure sector during April-September 2007 declined to 6.6 per cent from 8.7 per cent in the corresponding period a year ago.
Coal provided the only silver lining in an otherwise unimpressive performance. Coal production staged a significant rebound, growing 6.2 per cent in September 2007 against a 0.8 per cent decline in the same month last year.
Crude petroleum production recorded the biggest fall of 0.7 per cent in September 2007 and grew by a meager 0.7 per cent during April-September 2007.