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Infrastructure growth slows to 5.7%
By agencies
|
Tuesday, 27 September 2005, 19:30 IST
NEW DELHI: With a 16.1 percent drop in crude oil production, IndiaÂ’s infrastructure growth slowed to 5.7 percent during August compared to 6.3 percent decline in the same month previous year.
However a solid double-digit growth in cement and coal sectors and 7 percent growth in electricity and steel production increased the overall growth in the six core sectors to rebound from a near zero growth in July 2005.
Cumulative growth in the infrastructure sector during April-August 2005-06 also declined to 5.1 percent as against 6.5 percent during the same period last fiscal.