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India's infrastructure growth softens in May

The Index of six core industries, having a combined weight of 26.7% in the Index of Industrial Production (IIP), stood at 266.9 in May and registered a growth of 5.0% compared to 5.4% in April. The index stood at 254.3 in May 2009, representing a growth of 3.2%.

June 29, 2010 9:10 IST | India Infoline News Service

Growth in India

Growth in India's six key infrastructure sectors slowed further in May from the upwardly revised figure for the previous month, as weakness in steel output offset strong expansion in crude oil and refinery, data released by the Government showed on Monday.

The Index of six core industries, having a combined weight of 26.7% in the Index of Industrial Production (IIP), stood at 266.9 in May and registered a growth of 5.0% compared to 5.4% in April. The index stood at 254.3 in May 2009, representing a growth of 3.2%.

The index level for April was revised to 260.4 from the provisional reading of 259.6.

The infrastructure sector index comprises Crude Oil, Petroleum Refining, Coal, Electricity, Finished Steel and Cement.

Crude Oil production registered a growth of 5.8% in May compared to a contraction of 4.3% in the same month a year ago. Petroleum refinery production rose by 7.7% in the month under review versus a drop of 4.3% in May 2009. Cement output grew by 8.6% in May as against 11.8% in the year-ago period.

Coal production was virtually flat at 0.1% compared to a growth of 10.4% in May 2009. Electricity generation grew by 6.4% in May versus 3% in the corresponding month a year earlier. Finished Steel production expanded by 2.5% in May as against 2.8% in the same month last year.

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Sector-wise Growth Rate (%) in Production (Base Year: 1993-94)

Sector Weight (%) May 2010 (%) May 2009 (%) Apr-May 2010-11 (%) Apr-May 2009-10 (%)
Crude Oil 4.17 5.8 -4.3 5.5 -3.7
Petroleum Refinery 2.00 7.7 -4.3 6.5 -4.4
Coal 3.22 0.1 10.4 -1.4 12.3
Electricity 10.17 6.4 3.0 6.6 4.8
Cement 1.99 8.6 11.8 8.7 11.8
Finished Steel 5.13 2.5 2.8 3.6 0.8
Overall 100 5.0 3.7 5.1 3.5

Source of data: Concerned Ministries/Departments/Organization(s).

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