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India's core industries' output grew 3.4% in January 2017

Index of Eight Core Industries grew 3.4% in the month of January 2017 as against the same month of last year, Ministry of Commerce & Industry said on Tuesday. 

India's core industries' output grew 3.4% in January 2017
Index of Eight Core Industries grew 3.4% in the month of January 2017 as against the same month of last year, Ministry of Commerce & Industry said on Tuesday.
Written By: ZeeBiz WebTeam
Updated: Tue, Feb 28, 2017
05:28 pm
Mumbai, ZeeBiz WebDesk
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Index of Eight Core Industries grew 3.4% in the month of January 2017 as against the same month of last year, Ministry of Commerce & Industry said on Tuesday. 

The ministry said, "The Eight Core Industries comprise nearly 38% of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 191.8 in January, 2017, which was 3.4% higher compared to the index of January, 2016. Its cumulative growth during April to January, 2016-17 was 4.8%."

Coal

Coal production (weight: 4.38 %) increased by 4.8 % in January, 2017 over January, 2016. Its cumulative index during April to January, 2016-17 increased by 2.3 % over corresponding period of previous year.

Crude Oil

Crude Oil production (weight: 5.22 %) increased by 1.3 % in January, 2017 over January, 2016. Its cumulative index during April to January, 2016-17 declined by 2.8 % over the corresponding period of previous year.

Natural Gas

The Natural Gas production (weight: 1.71 %) increased by 11.9 % in January, 2017 over January, 2016. Its cumulative index during April to January, 2016-17 declined by 1.9 % over the corresponding period of previous year.

Refinery Products (93% of Crude Throughput)

Petroleum Refinery production (weight: 5.94%) declined by 1.5 % in January, 2017 over January, 2016. Its cumulative index during April to January, 2016-17 increased by 6.8 % over the corresponding period of previous year.

Fertilizers

Fertilizer production (weight: 1.25%) declined by 1.6 % in January, 2017 over January, 2016. Its cumulative index during April to January, 2016-17 increased by 2.9 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)

Steel production (weight: 6.68%) increased by 11.4 % in January, 2017 over January, 2016. Its cumulative index during April to January, 2016-17 increased by 9.2 % over the corresponding period of previous year.

Cement

Cement production (weight: 2.41%) declined by 13.3 % in January, 2017 over January, 2016. Its cumulative index during April to January, 2016-17 increased by 1.0 % over the corresponding period of previous year.

Electricity

Electricity generation (weight: 10.32%) increased by 4.8 % in January, 2017 over January, 2016. Its cumulative index during April to January, 2016-17 increased by 5.4 % over the corresponding period of previous year.