Press Information Bureau

Government of India

Ministry of Commerce & Industry

30-June-2012 18:47 IST

Press Note

Release of Core Sector Index for May 2012 – Issue regarding revised press note

This is with regard to the news reports on 30th June 2012 regarding revision of Press Note relating to Core Sector Index for May 2012 which was released by the Department of Industrial Policy & Promotion on 29th June 2012.

It may be mentioned that immediately after the Press Note, was released a technical error was detected where the index for Cement was not accurately reflected corresponding to the production figures. The revision of the index was suo moto carried out and the revised Press Note accordingly released on the same day i.e. 29th June 2012.

The revised growth rate of Core Sector for May 2012 is now estimated to be 3.8% as against 4.6% indicated earlier and the estimated growth rate for Cement is 11.3% as against 22.1%.

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Department of Industrial Promotion and Policy

Ministry of Commerce and Industry, June 30th, 2012

DS

Revised Core Sector Index reflects correction after detected technical error, updating previously reported growth figures. A technical discrepancy in the originally released press note concerning the Cement index was detected and corrected suo moto by the Department of Industrial Policy & Promotion, which issued a revised press note the same day to supersede the inaccurate figures and update the estimated growth rates for the Core Sector and Cement.