India’s eight core industries' output grow marginally in January

01 Mar 2021 Evaluate

The growth of eight core infrastructure industries grew marginally by 0.1 percent in January 2021, mainly due to growth in the production of fertiliser, steel and electricity. The core sectors had expanded by 2.2 percent in January 2020. During April-January 2020-21, the sectors' output declined by 8.8 percent against a growth rate of 0.8 percent in the same period of the previous year. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity - comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

Among eight core sectors, Steel production having 17.92 percent weight increased by 2.6 percent in January, 2021 over January,2020, while its cumulative index declined by 14.0 percent during April to January, 2020-21 over the corresponding period of previous year. Fertilizers production having 2.63 percent weight increased by 2.7 percent in January,2021 over January,2020 and its cumulative index increased by 3.0 per cent during April to January, 2020-21 over the corresponding period of previous year. Electricity generation having 19.85 percent weight increased by 5.1percent in January, 2021over January,2020, while its cumulative index declined by 2.7 percent during April to January, 2020-21over the corresponding period of previous year.

On the other hand, Crude Oil production having 8.98 percent weight declined by 4.6 percent in January, 2021 over January,2020 and its cumulative index declined by 5.6 percent during April to January, 2020-21over the corresponding period of previous year. Natural Gas production having 6.88 percent weight declined by2.0 percent in January, 2021 over January, 2020 and its cumulative index declined by 10.7 percent during April to January, 2020-21 over the corresponding period of previous year.

Petroleum Refinery production having 28.04 percent weight declined by 2.6 percent in January, 2021 over January,2020 and its cumulative index declined by 12.4 percent during April to January, 2020-21over the corresponding period of previous year. Cement production having 5.37 percent weight declined by 5.9 percent in January, 2021 overJanuary,2020 and its cumulative index declined by 16.6 percent during April to January, 2020-21 over the corresponding period of previous year. Coal production having 10.33 percent weight declined by 1.8 percent in January, 2021 over January, 2020 and its cumulative index declined by 1.9 percent during April to January, 2020-21 over corresponding period of the previous year.

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