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Eight core industries' output up 9.4% in July

01 Sep 2021 Evaluate

The growth of eight core infrastructure industries grew by 9.4 percent in July 2021 as compared to same month last year, mainly due to a low base effect and uptick in production of coal, natural gas, steel, cement and electricity. The eight infrastructure sectors had contracted by 7.6 per cent in July 2020 due to the nationwide lockdown imposed to control the spread of COVID-19. 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, Coal production having 10.33 percent weight increased by 18.7 per cent in July, 2021 over July, 2020 and its cumulative index increased by 10.5 per cent during April to July, 2021-22 over corresponding period of the previous year. Natural Gas production having 6.88 percent weight increased by 18.9 per cent in July, 2021over July, 2020 and its cumulative index increased by 21.0 per cent during April to July, 2021-22 over the corresponding period of previous year. Petroleum Refinery production having 28.04 percent weight increased by 6.7 per cent in July, 2021 over July, 2020 and its cumulative index increased by 13.1 per cent during April to July, 2021-22over the corresponding period of previous year. Fertilizers production having 2.63 percent weight increased by 0.5 per cent in July, 2021 over July, 2020 and its cumulative index decreased by 1.1 per cent during April to July, 2021-22 over the corresponding period of previous year.

Steel production having 17.92 percent weight increased by 9.3 per cent in July, 2021 over July, 2020 and its cumulative index increased by 59.4 per cent during April to July, 2021-22 over the corresponding period of previous year. Cement production having 5.37 percent weight increased by 21.8 per cent in July, 2021 over July, 2020 and its cumulative index increased by 45.6 per cent during April to July, 2021-22 over the corresponding period of previous year. Electricity generation having 19.85 percent weight increased by 9.0per cent in July, 2021 over July, 2020 and its cumulative index increased by 14.6 per cent during April to July, 2021-22 over the corresponding period of previous year. However, Crude Oil production having 8.98 percent weight declined by 3.2 per cent in July, 2021 over July, 2020 and its cumulative index declined by 3.4 per cent during April to July, 2021-22over the corresponding period of previous year.

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