The eight core sector industries grew by 3.9% in January 2013, up from 2.2% in the same month in 2012, mainly on the back of negative growth witnessed in the production of crude oil, natural gas, fertilizer and cement. However, the cumulative expansion of these industries in April-January period of 2012-13 slowed to 3.2% from 5% in the same period of the previous year.
On the positive side, petroleum refinery production grew by 10.5% in January 2013 compared to a negative growth of 4.6% in January 2012. On collective basis, it registered a growth of 7.3% during April-January 2012-13 compared to 3% growth during the same period of 2011-12. Coal production, registered a growth of 2.3% in January 2013 compared to positive growth of 7.7% in January 2012. Coal production recorded a growth of 5.2% during April-January 2012-13 compared to de-growth of 1.4% during the same period of 2011-12.
Steel production and electricity generation with weight 6.68% and 10.32% registered growth 9.4% and 5.9% in month under review against 4.5% and 3.2% growth in same month previous year. On collective basis, steel production registered 3.1% growth during April-January 2012-13 compared to 10.9% growth during the same period of last fiscal. Growth of electricity generation was 4.8% against 8.7% growth during the same period of 2011-12.
On the flip side, Crude oil, which occupies 5.22% weight age in index registered negative growth of 0.2% in the reporting month compared to a negative growth of 2% in January 2012. Cumulatively, crude oil production recorded a negative growth of 0.4% during April-January 2012-13 compared to its positive growth at 1.5% during the same period last fiscal.
Moreover, fertilizer production registered a negative growth of 9.1% for the reporting month against positive growth at 4% in the same month previous year. On collective basis, it registered a negative growth of 4% during April-January 2012-13 compared to a de-growth of 0.1% during the same period of 2011-12.
Cement and natural gas, which occupies 2.41% and 1.71% weightage, also registered negative growth of 6.6% and 16.8%, respectively for the reporting month compared to their growth of 10.9% and de-growth of 10.4% in January 2012. Cumulatively, cement and natural gas production recorded growth of 4.6% and a negative growth of 13.7% during April-January 2012-13.
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