Infrastructure growth slips to 5.3% in June

At a time when Indian economy is seeing unprecedented growth and new hopes are raised every day, infrastructure growth slowed down in June to 5.3% compared to 7.7 per cent growth in output in June 2006.

The six infrastructure industries namely -

1. Cement
2. Coal
3. Crude Petroleum
4. Electricity
5. Finished Steel
6. Petroleum Refinery Products

had registered 8.7 % y-o-y growth in output in May 2007. The growth of these six, which have a combined weight of 26.7 per cent in the index of industrial production (IIP), also slowed down to 6.9 % during first quarter (April-June), against 7.4 % in the first quarter last year.

With the exception of electricity sector, other segments – petroleum refinery products, coal, cement and finished steel – recorded a slowdown in growth during June this year.