Monday, March 31, 2014


February core infra grows at 4.5%

The core infrastructure grows to 4.5% (Y-O-Y) in February 2014 as compared to 1.6% (Y-O-Y) in January 2014. The combined index of Eight Core Industries stands at 156.7 in February 2014 with a growth rate of 4.5% as compared to 1.3% in February 2013. Crude oil and Natural gas registered a growth rate of 1.9% and (-) 4.4% respectively in the month of February 2014.

   Sector wise trend in monthly production                                          (% growth)
Sector
Weight in IIP
Feb’14
Jan’14
Crude Oil
5.22
1.9
3.0
Natural Gas
1.71
(-)4.4
(-)5.2
Petroleum Refinery Products
5.94
3.2
(-) 4.5
Coal
4.38
0.1
(-) 0.7
Fertilizer
1.25
(-)0.7
1.2
Electricity
10.32
10.4
5.7
Cement
2.41
2.3
1.5
Steel
6. 6 8
4.8
3.4
Overall
37.90
4.5
1. 6
  Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

In cumulative terms, core infrastructure industries registered a growth of 2.6% during Apr-Feb 2013-14 as against 6.4% during the corresponding period of previous year.

     Sector wise trend in production                                                                         (% growth)  
Sector
Weight
Apr-Feb 2013-14
Apr-Feb 2012-2013
Crude Oil
5.22
(-)0.1
(-)0.7
Natural Gas
1.71
(-)13.3
(-)14.2
Petroleum Refinery Products
5.94
1.6
29.4
Coal
4.38
0.9
5.0
Fertilizer
1.25
2.2
(-)4.0
Electricity
10.32
5.7
4.1
Cement
2.41
3.3
7.6
Steel
6. 6 8
4.2
3.4
Overall
37.90
2.6
6.4

      Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

Electricity generation grew by 5.7% during Apr–Feb 2013-14 as against 4.1% growth during Apr–Feb 2012-13, while steel production grew by 4.2% during Apr– Feb 2013-14 as against 3.4% during Apr- Feb 2012-13. The production in crude oil grew by (-) 0.1% during Apr– Feb 2013-14 as compared to its growth at (-) 0.7% during Apr– Feb 2012-13, whereas petroleum refinery production registered a growth of 1.6% during Apr– Feb 2013-14 as compared to 29.4% during Apr– Feb 2012-13. Fertilizer production grew by 2.2% during Apr– Feb 2013-14 compared to its growth at (-) 4% during Apr– Feb 2012-13 and cement production grew by 3.3% during Apr–Feb 2013-14 compared to its growth at 7.6% during Apr– Feb 2012-13.
 Trend in growth of steel, cement, electricitycoal and overall                                                   (%)
 Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

Warm regards,

Dr. S P Sharma
Chief Economist

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