Government figures show better performance of cement sector
The data released by the government showed that the cumulative growth of eight key infrastructure industries bounced back 1.7 per cent in November. The comeback is attributed to better performance of cement and electricity generation. Coal production grew 2.3 per cent compared to a contraction of 3.9 per cent in October and a contraction of 2.9 per cent year-on-year. The index for industrial production contracted 1.8 per cent in October 2013 while it remained flat during the April-October period. The output from crude oil, coal, natural gas, fertilisers, steel, cement, electricity and refinery sector had contracted in October and these figures might signal a reversal of the downturn. The upswing it is likely to remain mild going forward.