Eight Core Industry Eight core industries sectors' April output grows 8.4 percent
New Delhi: The combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 per cent (provisional) as compared to the Index of April 2021.
The production of Coal, Electricity, Refinery Products, Fertilizers, Cement and Natural Gas industries increased in April 2022 over the corresponding period of last year, read a government statement.
The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) has released the Index of Eight Core Industries (ICI) for the Month of April, 2022.
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.
The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
Final growth rate of Index of Eight Core Industries for January 2022 is revised to 4.0% from its provisional level 3.7%. The growth rate of ICI during April-March 2021-22 was 10.4% (P) as compared to the corresponding period of last FY.
The summary of the Index of Eight Core Industries is given below:
Coal –Coal production (weight: 10.33 per cent) increased by 28.8 per cent in April, 2022 over April, 2021. Its cumulative index increased by 8.5per cent during April to March, 2021-22 over corresponding period of the previous year.
Crude Oil–Crude Oil production (weight: 8.98 per cent) declined by 0.9 per cent in April, 2022 over April, 2021. Its cumulative index declined by 2.6 per cent during April to March, 2021-22over the corresponding period of previous year.
Natural Gas - Natural Gas production (weight: 6.88 per cent) increased by 6.4 per cent in April, 2022 over April, 2021. Its cumulative index increased by 19.2 per cent during April to March, 2021-22 over the corresponding period of previous year.
Petroleum Refinery Products–Petroleum Refinery production (weight: 28.04 per cent) increased by 9.2 per cent in April, 2022 over April, 2021. Its cumulative index increased by 8.9 per cent during April to March, 2021-22over the corresponding period of previous year.
Fertilizers –Fertilizers production (weight: 2.63 per cent) increased by8.7 per cent in April, 2022 over April, 2021. Its cumulative index increased by 0.7 per cent during April to March, 2021-22 over the corresponding period of previous year.
Steel –Steel production (weight: 17.92 per cent) declined by 0.7 per cent in April, 2022 over April, 2021. Its cumulative index increased by 17.1 per cent during April to March, 2021-22 over the corresponding period of previous year.
Cement –Cement production (weight: 5.37 per cent) increased by 8.0 per cent in April, 2022 over April, 2021. Its cumulative index increased by 20.8 per cent during April to March, 2021-22 over the corresponding period of previous year.
Electricity –Electricity generation (weight: 19.85 per cent) increased by 10.7per cent in April, 2022 over April, 2021. Its cumulative index increased by 8.0 per cent during April to March, 2021-22 over the corresponding period of previous year.
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