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Our Bureau

New Delhi , June 23

THE official index of six infrastructure industries has registered a growth rate of 6.7 per cent during April-May 2003, which is higher than the 4.3 per cent level for April-May 2002.

During May, the growth rate of the index at 5.1 per cent was above the 4.1 per cent figure for the corresponding month of the previous fiscal.

The overall 6.7 per cent growth rate for April-May was primarily led by the petroleum sector, with production of crude petroleum and refined products going up 9.4 per cent and 13.4 per cent on a year-on-year basis against last year's corresponding growth rates of minus 3.7 per cent and 3 per cent, respectively.

The growth rates have been similarly higher for coal (6 per cent against 3.7 per cent), electricity (6.9 per cent against 3.6 per cent) and cement (6.5 per cent against 2.7 per cent). There has been a deceleration only in the case of finished steel, the production of which rose by 3.4 per cent, compared to the 10.5 per cent growth registered during April-May 2003.

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