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Output of eight core sectors grow 3.8% in December

01 Feb 2022 Evaluate

The growth of eight core infrastructure industries grew 3.8 percent in December 2021 as against 0.4 percent contraction in same month last year, on better show by coal, cement and refinery products. The core sector industries had grown by 3.4 per cent in November 2021. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).    

Coal production having 10.33 per cent weight increased by 5.2 per cent in December, 2021 over December, 2020 and its cumulative index increased by 10.6 per cent during April to December, 2021-22 over corresponding period of the previous year. Natural Gas production having 6.88 per cent weight increased by 19.5 per cent in December, 2021 over December, 2020 and its cumulative index increased by 22.4 per cent during April to December, 2021-22 over the corresponding period of previous year. Petroleum Refinery production having 5.9 per cent weight increased by 5.9 per cent in December, 2021 over December, 2020 and its cumulative index increased by 10.0 per cent during April to December, 2021-22 over the corresponding period of previous year.

Cement production having 5.37 per cent weight increased by 12.9 per cent in December, 2021 over December, 2020 and its cumulative index increased by 26.1 per cent during April to December, 2021-22 over the corresponding period of previous year. Electricity generation having 19.85 per cent weight increased by 2.5 per cent in December, 2021 over December, 2020 and its cumulative index increased by 9.4 per cent during April to December, 2021-22 over the corresponding period of previous year. Fertilizers production having 2.63 per cent weight increased by 3.5 per cent in December, 2021 over December, 2020, while its cumulative index decreased by 0.1 per cent during April to December, 2021-22 over the corresponding period of previous year.

Steel production having 17.92 per cent weight declined by 1.0 per cent in December, 2021 over December, 2020, while its cumulative index increased by 22.1 per cent during April to December, 2021-22 over the corresponding period of previous year. Crude Oil production having 8.98 per cent weight declined by 1.8 percent in December, 2021 over December, 2020 and its cumulative index declined by 2.6 per cent during April to December, 2021-22 over the corresponding period of previous year.

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