July core infra grows at 3.1%
The core infrastructure grows to 3.1% (Y-O-Y) in July 2013 as compared to 0.1% (Y-O-Y) in June 2013. The combined index of Eight Core Industries stands at 156.4 in July, 2013 with a growth rate of 3.1% as compared to 4.5% in July, 2012. The decline in the growth rate in July, 2013 was mainlyon account of negative growth witnessed in the production of crude oil and natural gas.
Sector wise trend in monthly production (% growth)
Sector
|
Weight in IIP
|
July’13
|
June’13
|
Crude Oil
|
5.22
|
(-)2.3
|
(-)0.6
|
Natural Gas
|
1.71
|
(-)16.1
|
(-)16.7
|
Petroleum Refinery Products
|
5.94
|
5.1
|
2.3
|
Coal
|
4.38
|
1.2
|
(-)3.0
|
Fertilizer
|
1.25
|
0.4
|
11.3
|
Electricity
|
10.32
|
5.2
|
(-)1.2
|
Cement
|
2.41
|
0.8
|
2.3
|
Steel
|
6.68
|
7.0
|
3.4
|
Overall
|
37.90
|
3.1
|
0.1
|
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 1.9% during Apr-July 2013-14 as against 6.3% during the corresponding period of previous year.
Sector wise trend in production (% growth)
Sector
|
Weight
|
Apr-July 2013-14
|
Apr-July 2012-2013
|
Crude Oil
|
5.22
|
(-)1.6
|
(-)0.6
|
Natural Gas
|
1.71
|
(-)17.2
|
(-)11.7
|
Petroleum Refinery Products
|
5.94
|
4.7
|
24.1
|
Coal
|
4.38
|
(-)0.5
|
6.5
|
Fertilizer
|
1.25
|
1.9
|
(-)9.5
|
Electricity
|
10.32
|
3.4
|
5.7
|
Cement
|
2.41
|
2.7
|
10.1
|
Steel
|
6.68
|
4.1
|
2.8
|
Overall
|
37.90
|
1.9
|
6.3
|
Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India
Electricity generation grew by 3.4% during Apr–July 2013-14 as against 5.7% growth during Apr–July 2012-13, while steel production grew by 4.1% during Apr–July 2013-14 as against 2.8% during Apr-July 2012-13. The production in crude oil grew by (-)1.6% during Apr–July 2013-14 as compared to its growth at (-)0.6% during Apr–July 2012-13, whereas petroleum refinery production registered a growth of 4.7% during Apr–July 2013-14 as compared to 24.1% growth during Apr–July 2012-13. Fertilizer production grew by 1.9% during Apr–July 2013-14 compared to its growth at (-) 9.5% during Apr–July 2012-13 and cement production grew by 2.7% during Apr–July 2013-14 compared to its growth at 10.1% during Apr–July 2012-13.
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
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