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India's eight core industries' output contracts 2.5 pct in October  Eight Core Industries
UNI

India's eight core industries' output contracts 2.5 pct in October 

India Blooms News Service | @indiablooms | 27 Nov 2020, 05:35 pm

New Delhi:  The combined Index of Eight Core Industries stood at 124.2 in October,2020, which declined by 2.5 per cent as compared to the Index of October, 2019, as per government data released on Friday.

Its cumulative growth during April to October, 2020-21 has been(-) 13.0 percent.

Final growth rate of Index of Eight Core Industries for July’2020 is revised to(-) 7.6 percent.

The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

Coal production (weight: 10.33per cent) increasedby 11.6 per cent in October, 2020 over October,2019. Its cumulative index declined by 3.6per cent during April toOctober, 2020-21over corresponding period of the previous year.

Crude Oil production (weight: 8.98per cent) declined by 6.2 per cent inOctober, 2020 over October,2019. Its cumulative index declined by 6.1 per cent during April toOctober, 2020-21over the corresponding period of previous year.

The Natural Gas production (weight:6.88per cent) declinedby8.6 per cent in October, 2020 over October,2019. Its cumulative index declined by 12.5 per cent during April to October, 2020-21 over the corresponding period of previous year.

Petroleum Refinery production (weight: 28.04per cent) declined by17.0 per cent in October, 2020 over October,2019. Its cumulative index declinedby 16.4per cent during April to October, 2020-21over the corresponding period of previous year.

Fertilizers production (weight: 2.63 per cent) increased by 6.3 per cent in October,2020 overOctober,2019. Its cumulative index increasedby 4.1 per cent during April toOctober, 2020-21 over the corresponding period of previous year.

Steel production (weight: 17.92per cent) declinedby 2.7 per cent inOctober, 2020 over October,2019. Its cumulative index declined by 22.8per centduring April to October, 2020-21 over the corresponding period of previous year.

Cement production (weight:5.37per cent) increasedby2.8per cent inOctober, 2020overOctober,2019. Its cumulative index declinedby21.3per centduring April to October, 2020-21over the corresponding period of previous year.

Electricity generation (weight:19.85per cent) increasedby10.5per centin October,2020over October,2019. Its cumulative indexdeclined by 5.6per cent duringApril to October, 2020-21over the corresponding period of previous year.