India's eight core industries growth having a combined weight of 37.90 percent in the Index of Industrial Production (IIP) slowed down to 2.2 percent in April from the 4.2 percent in last April, mainly due to poor patronage by crude oil, natural gas, petroleum and fertilizer sectors.
During 2011-12, the cumulative growth rate of the core industries declined to 4.4 percent from the 6.6 percent in 2010-11.
As per the data released by the Commerce and Industry Ministry, Cement production in April witnessed a robust growth of 8.6 percent, compared to a 0.1 percent last year, while Steel production doubled to 5.8 percent from the 2.9 percent year-on-year.
On the other hand, Electricity production in April registered a growth of 4.6 percent, down from 6.4 percent in the same month last year, while Coal production had a growth of 3.8 percent, up from 2.7 percent in April last year.
Crude oil oil production in April witnessed a negative growth of 1.3 percent, compared to a positive growth of 11.0 percent in last April, while the growth of Natural Gas production also was negative at 11.3 percent, compared to a negative growth of 9.3 percent year-on-year.
In April , Petroleum refinery output had a negative growth of 2.8 percent, compared to a positive growth of 6.6 percent last April, whereas Fertilizer production was also negative at 9.3 percent, compared to a negative growth of 1.3 percent in April 2011.
by RTT Staff Writer
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