March core infra grows at 2.9%
The core infrastructure grows to 2.9% in March 2013 as compared to 3% growth in March 2012. The marginal decline in growth in March, 2013 was on account of negative growth witnessed in the production of Natural Gas and low growth recorded in the production of Coal and Crude Oil.
Sector wise trend in monthly production (% growth)
Sector
|
Weight in IIP
|
February’13
|
March’13
|
Crude Oil
|
5.22
|
(-) 4.0
|
0.2
|
Natural Gas
|
1.71
|
(-) 20.1
|
(-) 17.7
|
Petroleum Refinery Products
|
5.94
|
4.3
|
5.6
|
Coal
|
4.38
|
(-) 8.0
|
0.3
|
Fertilizer
|
1.25
|
(-) 4.0
|
3.6
|
Electricity
|
10.32
|
(-) 3.7
|
3.0
|
Cement
|
2.41
|
3.1
|
6.6
|
Steel
|
6.68
|
0.5
|
6.6
|
Overall
|
37.90
|
(-) 2.4
|
2.9
|
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 April-March 2012-13 as against 5% during the corresponding period of the previous year.
Sector wise trend in production (% growth)
Sector
|
Weight
|
Apr-Mar 2011-12
|
Apr-Mar 2012-13
|
Crude Oil
|
5.22
|
1.0
|
(-) 0.6
|
Natural Gas
|
1.71
|
(-) 8.9
|
(-) 14.5
|
Petroleum Refinery Products
|
5.94
|
3.1
|
6.9
|
Coal
|
4.38
|
1.3
|
3.3
|
Fertilizer
|
1.25
|
0.4
|
(-) 3.4
|
Electricity
|
10.32
|
8.1
|
4.0
|
Cement
|
2.41
|
6.7
|
5.6
|
Steel
|
6.68
|
10.3
|
2.5
|
Overall
|
37.90
|
5.0
|
2.6
|
Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India
Electricity generation grew by 4% during Apr-Mar 2012-13 as against 8.1% growth during Apr-Mar 2011-12, while steel production grew by 2.5% during Apr-Mar 2012-13 as compared to 10.3% during Apr-Mar 2011-12. The production in crude oil grew by (-) 0.6% during Apr-Mar 2012-13 as compared to its growth at 1% during Apr-Mar 2011-12, whereas petroleum refinery production registered a growth of 6.9% during Apr-Mar 2012-13 as compared to 3.1% growth during Apr-Mar 2011-12. Fertilizer production grew by (-) 3.4% during Apr-Mar 2012-13, compared to its growth at 0.4% during Apr-Mar 2011-12 and cement production grew by 5.6% during Apr-Mar 2012-13 compared to its growth at 6.7% during Apr- Mar 2011-12.
Trend in growth of steel, cement, electricity and coal 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
________________________________________________
PHD Research Bureau
PHD Chamber of Commerce and Industry
August Kranti Marg, New Delhi – 110016
Tel 91 11 49545454, Fax 91 11 26855450,
E mail – research@phdcci.in
Website www.phdcci.in
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