Cheering the economy further, the core infrastructure industries grew 7 per cent in October against 3.9 per cent in the same month last year, helped by robust performance of cement and crude oil sectors.
The October data for six industries - crude oil, petroleum refinery products, coal, electricity, cement and finished steel - reflected a bounce from September, when growth in these sectors had plunged to 2.7 per cent, against 4.3 per cent growth in corresponding period in 2009-10.
Core Infrastructure industries that have a weight of 26.7 per cent in the Index of Industrial Production (IIP), is expected to show a positive impact on the October factory output data, likely to be released next month.
Revival in the core industries comes on top of 8.9 per cent growth in the country's gross domestic product (GDP) for the first half of the current financial year.
Expansion of the economy, helped by impressive performance by the industries, including the infrastructure sector, is expected to give a boost to investment climate, HSBC Group Country Head Naina Lal Kidwai said.
"We will see more investments next year because lots of companies' capacity utilisation is 90 per cent plus," she said.
However, amid the overall good performance of core infrastructure activity, coal and petroleum refinery output remained areas of concern. While petroleum refinery products showed a deceleration of 4.8 per cent, coal could barely grow 0.8 per cent in October.
Cement with 16.8 per cent and crude oil with 13.7 per cent growth emerged as the top infrastructure performers in the month under review.
The April-October cumulative performance remained unchanged at 4.5 per cent from the previous year.
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