April core infra grows at 2.3% 

 

The core infrastructure grows to 2.3% (Y-O-Y) in April 2013 as compared to 3.2% (Y-O-Y) growth in March 2013. The decline in the growth rate in April, 2013 was mainly on account of negative growth witnessed in the production of crude oil, natural gas and fertilizer.

 

 Sector wise trend in monthly production                                                      (% growth)

Sector	Weight in IIP	March’13	April’13
Crude Oil	5.22	0.2	(-) 1.2
Natural Gas	1.71	(-) 17.7	(-) 17.4
Petroleum Refinery Products	5.94	5.6	5.6
Coal	4.38	0.3	3.1
Fertilizer	1.25	3.6	(-) 2.4
Electricity	10.32	3.5	3.1
Cement	2.41	8.3	8.3
Steel	6.68	6.6	1.9
Overall	37.90	3.2	2.3

  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 3.2% during 2012-13 as against 5% during the previous year 2011-12.

 

 

Sector wise trend in production                                                                                 (% growth)

Sector	Weight	2011-2012	2012-2013
Crude Oil	5.22	1.0	(-) 0.6
Natural Gas	1.71	(-) 8.9	(-) 14.5
Petroleum Refinery Products	5.94	3.1	8.6
Coal	4.38	1.3	3.4
Fertilizer	1.25	0.4	(-) 3.4
Electricity	10.32	8.1	4.0
Cement	2.41	6.7	9.3
Steel	6.68	10.3	2.5
Overall	37.90	5.0	3.2

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

Electricity generation grew by 4% during 2012-13 as against 8.1% growth during 2011-12, while steel production grew by 2.5% during 2012-13 as compared to 10.3% during 2011-12. The production in crude oil grew by (-) 0.6% during 2012-13 as compared to its growth at 1% during 2011-12, whereas petroleum refinery production registered a growth of 8.6% during 2012-13 as compared to 3.1% growth during 2011-12. Fertilizer production grew by (-) 3.4% during 2012-13, compared to its growth at 0.4% during 2011-12 and cement production grew by 9.3% during 2012-13 compared to its growth at 6.7% during 2011-12.

Trend in growth of steel, cement, electricity, 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