Infrastructure Sector recorded 6.8% Growth in November 2011 after touching 0.3% in October
Economy Current Affairs 2011. Infrastructure sector recorded a growth of 6.8% in Novemberr 2011 after touching five-year low of 0.3% in October 2011
The infrastructure sector recorded a growth of 6.8% in Novemberr 2011 after touching five-year low of 0.3% in October 2011. The growth in this sector was propelled by an impressive growth in cement, electricity and refinery products. The infrastructure sector have weightage of 38% in the overall Index of Industrial Production (IIP), considerably improved year-on-year as well from 3.7% in November 2010.
Except for crude oil, natural gas and fertilisers, all other segments registered healthy growth in November 2011.
The maximum growth was witnessed in cement which expanded by 16.6%, while there was a contraction of 4.3% in the same period in 2010-11. Electricity and steel output grew by 14.1% and 5.1% against 3.5% and 7.6%, respectively. Coal and petroleum refinery products growth went up by 4.9% and 11.2% in November 2011.
Crude oil and natural gas output however contracted by 5.6% and 10.1% from a positive growth of 17% and 5.5%, year-on-year, respectively.
Due to regressive performance in the previous months of 2011 prior to November, the April-November growth of core industries stood at 4.6 per cent as against 5.6 per cent in the same period in 2010.