<div>Negative growth in crude oil, natural gas, refinery products, fertilisers and steel has pulled down the growth of the eight core industries to 2.7 per cent in July.<br /><br />Growth in the infrastructure sector, which has a combined weight of about 38 per cent in the Index of Industrial Production (IIP), stood at 5.3 per cent in July 2013.<br /><br />Crude oil, natural gas, refinery products, fertilisers and steel recorded a negative growth of 1 per cent, 9 per cent, 5.5 per cent, 4.2 per cent and 3.4 per cent, respectively in July, according to the data of the Commerce and Industry Ministry.<br /><br />However, coal, cement and electricity production grew by 6.2 per cent, 16.5 per cent and 11.2 per cent, respectively during the month under review.<br /><br />During April-July, growth in the eight core industries grew by 4.1 per cent from 4.1 per cent in the year-ago period.<br /><br />Led by healthy growth in cement and electricity, the eight core industries grew to a nine- month high of 7.3 per cent in June.<br /><br /><br />(PTI)</div>
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