Eight core industries' output up 7.5% in October

01 Dec 2021 Evaluate

The growth of eight core infrastructure industries grew by 7.5 percent in October 2021 as compared to same month last year on account of healthy performance by segments like coal, natural gas, refinery products and cement. In October 2020, the output of the core sectors had contracted 0.5 percent. In September this year, the core sector output had risen by 4.5 percent. The eight infrastructure sectors had grown by 0.6 percent in September 2020. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

Coal production having 10.33 per cent weight increased by 14.6 per cent in October, 2021 over October, 2020 and its cumulative index increased by 12.2 per cent during April to October, 2021-22 over corresponding period of the previous year. Natural Gas production having 6.88 per cent weight increased by 25.8 per cent in October, 2021 over October, 2020 and its cumulative index increased by 22.6 per cent during April to October, 2021-22 over the corresponding period of previous year. Petroleum Refinery production having 28.04 per cent weight increased by 14.4 per cent in October, 2021 over October, 2020 and its cumulative index increased by 11.7 per cent during April to October, 2021-22 over the corresponding period of previous year.

Steel production having 17.92 per cent weight increased by 0.9 per cent in October, 2021 over October, 2020 and its cumulative index increased by 28.6 per cent during April to October, 2021-22 over the corresponding period of previous year. Cement production (weight: 5.37 per cent) increased by 14.5 per cent in October, 2021 over October, 2020 and its cumulative index increased by 33.6 per cent during April to October, 2021-22 over the corresponding period of previous year.

Electricity generation having 19.85 per cent weight increased by 2.8per cent in October, 2021 over October, 2020. Its cumulative index increased by 11.3 per cent during April to October, 2021-22 over the corresponding period of previous year. Fertilizers production having 2.63 per cent weight increased by 0.04 per cent in October, 2021 over October, 2020, while cumulative index decreased by 1.1 per cent during April to October, 2021-22 over the corresponding period of previous year. However, Crude Oil production having 8.98 percent weight declined by 2.2 per cent in October, 2021 over October, 2020 and its cumulative index declined by 2.8 per cent during April to October, 2021-22over the corresponding period of previous year.

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