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Eight core industries output increases by 7.5 percent Indian Industries

Eight core industries output increases by 7.5 percent

India Blooms News Service | @indiablooms | 30 Nov 2021, 06:07 pm

New Delhi: The output of the eight core industries increased by 7.5 percent as compared to the Index of October 2020, government data released on Tuesday said.

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) is releasing Index of Eight Core Industries (ICI) for the Month of October, 2021.ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity, read a government statement.

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

The combined Index of Eight Core Industries stood at 136.2 in October 2021, which increased by7.5 per cent (provisional) as compared to the Index of October 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers,Steel, Cement and Electricity industries increased in October 2021 over the corresponding periodof last year.

Final growth rate of Index of Eight Core Industries for July 2021 is revised to 9.9%from its provisional level 9.4 percent.

The growth rate of ICI during April-October2021-22 was 15.1 percent (P) as compared to the corresponding period of last.