Infrastructure industries record high growth rate in February

The industrial sector is playing a vital role in the development of the nation and its contribution to the economy is significant. It would be interesting to know the present industrial growth in contrast to the present economic scenario. There is a boom in Indian economy but the high inflation could be concern. Government takes measures to control the inflation and the industrial sector too helps the nation in checking the inflation. The steel makers of the nation reportedly favoured the government over not to rise the price in order to check the inflation. However, the index of industiral production is lower but the growth recorded by infrastructure industries in India. According to media reports, the index of six core infrastructure industries have recorded 8.7 per cent growth rate in February 2008. Where as the growth rate of these industries was around 7.6 per cent in February 2007. The index of industrial production has recorded growth of 5.3 per cent in January 2008, which is lower than growth rate figures achieved in last year. The inflation and the rise the price of petrol and diesel would be the prime concern for the industries. An addition rise in the input cost of industry is burden for the industry and ultimately it will result inflation too.