The growth of eight core infrastructure industries grew 3.7 per cent in January 2022 as against 1.3 per cent in the same month last year on better show by coal, natural gas and cement industries. The core sector industries had grown by 4.1 per cent in December 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 8.2 per cent in January, 2022 over January, 2021 and its cumulative index increased by 10.3per cent during April to January,2021-22 over corresponding period of the previous year. Natural Gas production having 6.88 per cent weight increased by 11.7 per cent in January, 2022 over January, 2021 and its cumulative index increased by 21.2 per cent during April to January, 2021-22 over the corresponding period of previous year. Petroleum Refinery production having 28.04 per cent weight increased by 3.7 per cent in January, 2022 over January, 2021 and its cumulative index increased by 9.3 per cent during April to January, 2021-22over the corresponding period of previous year.
Steel production having 17.92 per cent weight increased by 2.8 per cent in January, 2022 over January, 2021. Its cumulative index increased by 19.9 per cent during April to January, 2021-22 over the corresponding period of previous year. Cement production having 5.37 per cent weight increased by 13.6 per cent in January, 2022 over January, 2021 and its cumulative index increased by 24.6 per cent during April to January, 2021-22 over the corresponding period of previous year. Electricity generation having 19.85 per cent weight increased by 0.5 per cent in January, 2022 over January, 2021 and its cumulative index increased by 8.5 per cent during April to January, 2021-22 over the corresponding period of previous year.
On the flip side, Crude Oil production having 8.98 per cent weight declined by 2.4 per cent in January, 2022over January, 2021 and its cumulative index declined by 2.6 per cent during April to January, 2021-22over the corresponding period of previous year. Fertilizers production having 2.63 weight declined by 2.0 per cent in January, 2022 over January, 2021 and its cumulative index decreased by 0.3 per cent during April to January, 2021-22 over the corresponding period of previous year.
