Infrastructure Sector Growth Declines To 5.3% In Jun`07

The fall in the crude oil production and retardation in the productivity of other products backed out the development of six key infrastructure businesses to 5.3% in June 2007 as compared to 7.7% a year ago.

In the April-June quarter (2007), the growth of the six infrastructure industries recorded dim growth at 6.9% from 7.4% in the first quarter of 2006-07.

Amongst the six, crude oil fabrication slumped to 2,774,000 tons in June, 1.8% lower than 2,826,000 tons a year ago.

But, Electricity, with the largest weight of more than 10% in IIP developed by 6.8% in June as compared to 4.9% in the corresponding month, last year.

Business News: