India's infrastructure growth rebounds in February

India's infrastructure sector growth jumped to 6.8% in February 2012 versus 6.4% in the same month a year earlier, the Government said on Thursday.

Growth in India's eight core sector industries rebounded in February 2012, with all the constituents of the widely tracked gauge showing material improvement over the previous month. 

India's infrastructure sector growth jumped to 6.8% in February 2012 versus 6.4% in the same month a year earlier, the Government said on Thursday.

Core sector growth stood at a measly 0.7% in January of this year.

The Index of Eight core industries has a combined weight of 37.90% in the Index of Industrial Production (IIP) with base 2004-05.

India's infrastructure sector output expanded by a healthy 6.7% in November after touching a six-year low in October.

Core sector growth turned back up in December (4.6%) before sliding again in January.

The Index of Eight core industries stood at 145.6 in February as against 136.4 in February 2011. It was at 149.30 in January and 149.4 in December.

Core sector growth during April-February 2011-12 stood at 4.4% versus 5.8% in the corresponding period last year.

Coal production registered a growth of 17.8% in February compared to 7.5% in January. Petroleum Refinery production surged by 6.2% in February as against a drop of 4.6% in January.

Electricity Generation expanded by 8% in February versus 3.2% in January. Steel production rose by 4.3% in February as against a contraction of 2.9% in January.

Cement production registered a growth of 10.8% in February compared to 10.6% in January. Crude Oil production inched higher by 0.4% in February versus a fall of 2% in January.

Fertilizer production rose by 4.1% in February as against 4% in January. Natural Gas production dropped by 7.6% in February compared to a decline of 10.4% in January.

By RAZI ANWAR( PGDM 2nd sem)