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2010.07.2904:04:00UTC+00India's Core Sector Growth Slows In June

Growth in India's six key infrastructure sectors, which have a combined weight of 26.7 percent in the index of industrial production, eased unexpectedly to a 10-month low of 3.4 percent in June versus 6.3 percent during the corresponding period last year, government data showed, raising concerns that robust industrial expansion may drop to single digit in the coming months. The infrastructure industries expanded by 5 percent in May this year.

The moderation is primarily due to a high statistical base effect of 2009, analysts said. The six core industries comprise crude oil, petroleum refining, coal, electricity, finished steel and cement.

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