Eight core industries' output up 11.6% in August

01 Oct 2021 Evaluate

The growth of eight core infrastructure industries grew by 11.6 percent in August 2021 as compared to same month last year mainly due to an uptick in the production of cement, coal, and natural gas. The eight infrastructure sectors had contracted by 6.9 per cent in August 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 20.6 per cent in August, 2021 over August, 2020 and its cumulative index increased by 12.5 per cent during April to August, 2021-22 over corresponding period of the previous year. Natural Gas production having 6.88 percent weight increased by 20.6 per cent in August, 2021 over August, 2020 and its cumulative index increased by 21.0 per cent during April to August, 2021-22 over the corresponding period of previous year. Petroleum Refinery production having 28.04 percent weight increased by 9.1 per cent in August, 2021 over August, 2020 and its cumulative index increased by 12.3 per cent during April to August, 2021-22over the corresponding period of previous year.

Steel production having 17.92 percent weight increased by 5.1 per cent in August, 2021 over August, 2020 and its cumulative index increased by 44.2 per cent during April to August, 2021-22 over the corresponding period of previous year. Cement production having 5.37 percent weight increased by 36.3 per cent in August, 2021 over August, 2020 and its cumulative index increased by 44.3 per cent during April to August, 2021-22 over the corresponding period of previous year. Electricity generation having 19.85 percent weight increased by 15.3per cent in August, 2021 over August, 2020 and its cumulative index increased by 15.2 per cent during April to August, 2021-22 over the corresponding period of previous year.

On the flip side, fertilizers production having 2.63 percent weight declined by 3.1 per cent in August, 2021 over August, 2020 and its cumulative index decreased by 1.5 per cent during April to August, 2021-22 over the corresponding period of previous year. Crude Oil production having 8.98 percent weight declined by 2.3 per cent in August, 2021 over August, 2020. Its cumulative index declined by 3.2 per cent during April to August, 2021-22over the corresponding period of previous year.

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