Feb core sector expands to 4.5%
2 April 2014 4:28 AM IST
The Index of Eight Core Industries had expanded 1.6 per cent in January and 1.3 per cent in February 2013.
The eight core industries – fertilisers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas – have a combined weight of about 38 per cent in the Index of Industrial Production (IIP).
Core sector growth was the fastest since an 8 per cent expansion in September and could have a positive impact on IIP numbers for February, which are expected on 12 April.
However, for the April-February period of this financial year, core sector growth slowed to 2.6 per cent compared with 6.4 per cent in the same period of 2012-13.
Electricity generation surged 10.4 per cent in February compared with a decline of 3.7 per cent a year earlier.
Growth in output of coal and crude oil recovered to 0.1 per cent and 1.9 per cent, respectively, compared with -6.1 per cent and -4 per cent.
Steel production increased by 4.8 per cent compared with 4.7 per cent a year ago, while the expansion in cement production slowed to 2.3 per cent. Natural gas registered a negative growth of 4.4 per cent and production of refinery products expanded 3.2 per cent.
Showing a ray of hope, industrial output entered positive territory and recorded 0.1 per cent growth in January after contracting for three months in a row.
Assocham for strong policy norms on coal, gas pricing
New Delhi: Industry body Assocham has pressed for strong policy measures on pricing of coal and gas, strengthening the power distribution framework and addressing the issue of public sector monopoly in coal production to lift the performance of core sector.
‘The new government needs to initiate a comprehensive review of not only policies but also processes that govern core industries,’ Assocham secretary general DS Rawat said.
Healthy output of electricity, coal and crude oil helped in pushing the core sector growth to 4.5 per cent in February from 1.3 per cent in the same month a year ago.
The Index of Eight Core Industries grew 1.6 per cent in January this year. The eight core industries –fertilisers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas – have a combined weight of about 38 per cent in the Index of Industrial Production.
The eight core industries – fertilisers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas – have a combined weight of about 38 per cent in the Index of Industrial Production (IIP).
Core sector growth was the fastest since an 8 per cent expansion in September and could have a positive impact on IIP numbers for February, which are expected on 12 April.
However, for the April-February period of this financial year, core sector growth slowed to 2.6 per cent compared with 6.4 per cent in the same period of 2012-13.
Electricity generation surged 10.4 per cent in February compared with a decline of 3.7 per cent a year earlier.
Growth in output of coal and crude oil recovered to 0.1 per cent and 1.9 per cent, respectively, compared with -6.1 per cent and -4 per cent.
Steel production increased by 4.8 per cent compared with 4.7 per cent a year ago, while the expansion in cement production slowed to 2.3 per cent. Natural gas registered a negative growth of 4.4 per cent and production of refinery products expanded 3.2 per cent.
Showing a ray of hope, industrial output entered positive territory and recorded 0.1 per cent growth in January after contracting for three months in a row.
Assocham for strong policy norms on coal, gas pricing
New Delhi: Industry body Assocham has pressed for strong policy measures on pricing of coal and gas, strengthening the power distribution framework and addressing the issue of public sector monopoly in coal production to lift the performance of core sector.
‘The new government needs to initiate a comprehensive review of not only policies but also processes that govern core industries,’ Assocham secretary general DS Rawat said.
Healthy output of electricity, coal and crude oil helped in pushing the core sector growth to 4.5 per cent in February from 1.3 per cent in the same month a year ago.
The Index of Eight Core Industries grew 1.6 per cent in January this year. The eight core industries –fertilisers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas – have a combined weight of about 38 per cent in the Index of Industrial Production.
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