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The core sector registered a growth of 5.3% in November in comparison to 0.8 % last year, reflecting positive results to the push provided by the government, as per infrastructural growth is concerned.
While talking about the industrial output that increased by 10.3% the last time, Anand Sharma, Commerce and Industry Minister, said the core industries are consistently giving their best and will maintain this pace of growth.
He added, “During April-November 2009-10, six core industries registered a growth of 4.6% (provisional) as against 3.5% during the corresponding period of the previous year”.
Mr. Sharma also said “This time the sectors that led to the growth are- steel, petroleum refinery products and cement…Steel grew by 11.7 per cent, petroleum refinery products by 4.9 per cent and cement by 9 per cent”.
Sharma informed that refinery and petroleum items had been reflecting a decrease of 6.3 % and 1.1 % respectively previous year. However, cement industry gave marginally better results in comparison to 8.7% in November 2008.
Suresh Tendular, Former Chairman of Prime Minister Economic Advisory Council (PMEAC), said “We had a forecast of GDP growth of 7-7.5 per cent in 2009-10. By seeing this figure, I can say that it seems to be within reach”.
The Pioneer
December 25, 2009
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