Growth in core industries slumps to 0.1% in June

The eight core industries expanded at a rate of 7.9% in the same period last year

<a href="http://www.shutterstock.com/pic-26356168/stock-photo-stock-market-crash-chart-raster-version.html?src=ToGmiM_JIPKrZ0JrXZWWzQ-2-65" target="_blank">Market Crash</a> image via Shutterstock
Press Trust of India New Delhi
Last Updated : Jul 31 2013 | 6:06 PM IST
Growth in eight infrastructure industries plunged to 0.1% in June mainly due to contraction in crude oil, natural gas, coal and electricity output.

The eight core industries had expanded at a rate of 7.9% in the same period last year.

The contraction in production of coal, crude oil, natural gas and electricity in the month was 3%, 0.6%, 16.7% and 1.2%, respectively, according to the government data.

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The eight infrastructure industries have a weight of about

38% in the overall industrial production.

Petroleum refinery production showed an expansion of 2.3%. Steel production grew by 3.4%, while cement output was up by 2.3% in the review period.

During April-June period, the growth in eight infrastructure industries slowed to 1.6% from 6.9% in the same period last year.

The growth was 3.2% in 2012-13 as against 5% in the previous financial year.
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First Published: Jul 31 2013 | 6:02 PM IST

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