Eight core industries in IIP saw a 5% growth in March
The eight core industries comprise nearly 38% of the weight of items included in the IIP.
The eight core industries considered in the Index of Industrial Production saw a 5% growth as it stood at 202.9 in March 2017 as compared to the index of March 2016. Its cumulative growth during April to March, 2016-17 was 4.5%. The eight core industries comprise nearly 38% of the weight of items included in the IIP.
This includes coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. Coal production (weight: 4.38%) increased by 10% in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 3.6 % over corresponding period of previous year.
Crude Oil production (weight: 5.22%) increased by 0.9% in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 declined by 2.5% over the corresponding period of previous year.
The Natural Gas production (weight: 1.71%) increased by 8.3% in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 declined by 1.1% over the corresponding period of previous year.
Petroleum Refinery production (weight: 5.94%) declined by 0.3% in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 5.4% over the corresponding period of previous year.
Fertilizer production (weight: 1.25%) declined by 0.8% in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 1.8 % over the corresponding period of previous year.
Steel production (weight: 6.68%) increased by 11.0 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 9.3 % over the corresponding period of previous year.
Cement production (weight: 2.41%) declined by 6.8 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 declined by 1.3% over the corresponding period of previous year.
Electricity generation (weight: 10.32%) increased by 5.9% in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 5.1% over the corresponding period of previous year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.