Eight core sector growth spurts to 5.2 per cent in June

02 Aug 2016 Evaluate

India's core sector expanding at its fastest rate in last two months showed a growth of 5.2 per cent in June, compared with a 2.8 per cent rise in May and 3.1 per cent in the year ago period, riding on double digit growth in the cement, coal sector and a huge jump in output of electricity. The eight core industries which comprise nearly 38 percent of the weightage in the Index of Industrial Production (IIP) showed a cumulative growth of 5.4 cent during April to June, 2016-17.

As per the data of Ministry of Commerce & Industry, the combined Index of Eight Core Industries stood at 180.4 in June, 2016, 5.2 per cent higher compared to the index of 171.4 in June, 2015.

Among the eight sectors that make up the core sector, Coal production having weight of 4.38 per cent, increased by 12.0 per cent in June, 2016 over June, 2015. Its cumulative index during April to June, 2016-17 increased by 5.4 per cent over corresponding period of previous year. Cement production having weight of 2.41 per cent, increased by 10.3 per cent in June, 2016 over June, 2015. Its cumulative index during April to June, 2016-17 increased by 5.7 per cent over the corresponding period of previous year. Electricity generation having weight of 10.32 per cent, increased by 8.1 per cent in June, 2016 over June, 2015. Its cumulative index during April to June, 2016-17 increased by 9.0 per cent over the corresponding period of previous year. Steel production having weight of 6.68 per cent, increased by 2.4 per cent in June, 2016 over June, 2015. Its cumulative index during April to June, 2016-17 increased by 3.8 per cent over the corresponding period of previous year. Petroleum Refinery production having weight of 5.94 per cent, increased by 3.5 per cent in June, 2016 over June, 2015, while its cumulative index during April to June, 2016-17 increased by 7.1 per cent over the corresponding period of previous year.

On the other hand, Crude Oil production having weight of 5.22 per cent, decreased by 4.3 per cent in June, 2016 over June, 2015. Its cumulative index during April to June, 2016-17 decreased by 3.3 per cent over the corresponding period of previous year. The Natural Gas production having weight of 1.71 per cent, declined by 4.5 per cent in June, 2016 over June, 2015. Its cumulative index during April to June, 2016-17 declined by 6.1 per cent over the corresponding period of previous year.

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