New Delhi: Encouraged by the growth in the output of eight core industries in June, Assocham on Thursday said the new government needs to initiate a comprehensive review of policies and processes that govern infrastructure industries.
Helped by healthy growth in coal, crude oil, cement and electricity, the eight core industries grew by 7.3 percent in June.
Growth in the infrastructure sector, which has a combined weight of about 38 percent in the Index of Industrial Production (IIP), was 1.2 percent in June 2013.
Coal, crude oil, cement and electricity recorded a growth of 8.1 percent, 0.1 percent, 13.6 percent and 15.7 percent respectively in the month under review.
"The ambiguity associated with the fixing of the price of gas has been affecting the performance of oil and gas sector," Assocham Secretary General D S Rawat said.
"The new government needs to initiate a comprehensive review of not only policies but also processes that govern these core industries in order to clear infrastructure hurdles to growth," he added.
During April-June, growth in the eight core industries grew by 4.6 percent from 3.7 percent in the year-ago period.
