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Rediff.com  » Business » Infrastructure sector grows by 2.9% in March

Infrastructure sector grows by 2.9% in March

April 29, 2009 19:05 IST
Showing early signs of revival, six core infrastructure industries grew 2.9 per cent in March, 2009, marginally higher than 2.2 per cent in the previous month.

However, growth for the whole of 2008-09 declined to 2.7 per cent from 5.9 per cent in the previous fiscal. Growth of 2.9 per cent in March, 2009 is flat compared to that in the same month in the previous year.

While cement sector showed an impressive growth of over 10 per cent, electricity and coal sectors registered an expansion of 5.9 per cent 5.2 per cent respectively in March.

The core infrastructure industries are crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel. The core sector accounts for 26.7 per cent of the Index of Industrial Production.

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