During 2005-06, industrial growth slowed down to 8 percent from 8.4% during the previous year. According to the latest released data, a drastic fall in mining sector (from 4.4% to 0.7%) and a marginal dip in manufacturing (from 9.2 to 9%) and electricity sectors (from 5.2% to 5.2%) were the main reasons for the slowdown. According to data from international Iron and Steel Institute (IISI), India and China have made fastest growth among the steel producing nations, India is the seventh largest producer of steel in the world. Installed capacity of cement production was augmented during 2004-05 and looking at the growth in past few years, a production target of 142 MT was set for the year 2005-06. Coal occupies the most important place among available power resources in Indian and accounts for about 67% of the country's commercial requirements. India is the 5th largest producer of coal in the world.