The government today released the data related to eight core industries which grew at 6.7% in January 2018. The eight core industries comprise coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.
The growth in output compares with an upwardly revised 4.2% year-on-year growth in December. The core sectors' cumulative growth rate for the April-January 2017 period was 4.3% as against 5.1% in year-ago period, the statement showed.
The eight core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined index of eight core industries stands at 133.1 in January, 2018, which was 6.7 per cent higher as compared to the index of January, 2017. Its cumulative growth during April to January, 2017-18 was 4.3 per cent, said Ministry of Commerce & Industry statement.
The summary of the index of 8 core industries (base: 2011-12) is given below:
Coal: Coal production (weight: 10.33 per cent) increased by 3.0 per cent in January, 2018 over January, 2017. Its cumulative index increased by 1.5 per cent during April to January, 2017-18 over corresponding period of the previous year.
Crude Oil: Crude Oil production (weight: 8.98 per cent) declined by 3.2 per cent in January, 2018 over January, 2017. Its cumulative index declined by 0.7 per cent during April to January, 2017-18 over the corresponding period of previous year.
Natural Gas: The Natural Gas production (weight: 6.88 per cent) declined by 1.0 per cent in January, 2018 over January, 2017. Its cumulative index increased by 3.5 per cent during April to January, 2017-18 over the corresponding period of previous year.
Refinery Products: Petroleum Refinery production (weight: 28.04 per cent) increased by 11.0 per cent in January, 2018 over January, 2017. Its cumulative index increased by 4.7 per cent during April to January, 2017-18 over the corresponding period of previous year.
Fertilizers: Fertilizers production (weight: 2.63 per cent) declined by 1.6 per cent in January, 2018 over January, 2017. Its cumulative index declined by 0.7 per cent during April to January, 2017-18 over the corresponding period of previous year.
Steel: Steel production (weight: 17.92 per cent) increased by 3.7 per cent in January, 2018 over January, 2017. Its cumulative index increased by 6.4 per cent during April to January, 2017-18 over the corresponding period of previous year.
Cement: Cement production (weight: 5.37 per cent) increased by 20.7 per cent in January, 2018 over January, 2017. Its cumulative index increased by 4.4 per cent during April to January, 2017-18 over the corresponding period of previous year.
Electricity: Electricity generation (weight: 19.85 per cent) increased by 8.2 per cent in January, 2018 over January, 2017. Its cumulative index increased by 5.4 per cent during April to January, 2017-18 over the corresponding period of previous year.
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