Index of eight core industries increase 0.9% in Dec 2015
IIP is an index, published monthly, shows the growth rates in different industry groups in a stipulated period of time. It is usually classified by broad industry sectors such as mining, coal, etc. and user-based sectors such as basic goods, capital and intermediate goods, etc.
Currently IIP figures are calculated considering 2004-05 as base year.
Coal production (weight: 4.38%) increased by 6.1% in Dec 2015 over Dec 2014.
Crude Oil production (weight: 5.22%) decreased by 4.1% in Dec 2015 over Dec, 2014.
Natural Gas production (weight: 1.71%) declined by 6.1 % in Dec 2015 while Petroleum Refinery production (weight: 5.94%) increased by 2.1 % in the same period.
Fertilizer production (weight: 1.25%)increased by 13.1 % in Dec 2015.
Steel production (weight: 6.68%) declined by 4.4% in Dec 2015 while production of Cement (weight: 2.41%) increased by 3.2 %.
Electricity generation (weight: 10.32%)increased by 2.7% in Dec 2015.
The eight core industries grew by a cumulative 1.9% in the Apr-Dec in the current financial year 2015-16.
According to the release, data are provisional.
Revision has been made based on revised data received for corresponding month of previous year in respect of Coal, Crude Oil, Natural Gas, Refinery Product, Steel, Cement and Electricity. Accordingly, indices for the month December, 2014 have been revised.
Release of the index for January, 2016 will be on Feb 29, 2016.
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