Core Industries Index Rises 3.7% On Year In January 2022

28 Feb 2022 , 05:24 PM

The combined Index of Eight Core Industries stood at 144.4 in January 2022, which increased by 3.7 per cent (provisional) as compared to the Index of January 2021. The production of Coal, Natural Gas, Refinery Products, Steel, Cement and Electricity industries increased in January 2022over the corresponding period of last year. Final growth rate of Index of Eight Core Industries for October 2021 is revised to 8.7%. The growth rate of the index during April-January 2021-22 was 11.6% (P) as compared to the corresponding period of last FY.

The summary of the Index of Eight Core Industries is given below:

Coal –Coal production (weight: 10.33 per cent) increased by 8.2 per cent in January,2022 over January,2021. Its cumulative index increased by 10.3 per cent during April to January,2021-22 over corresponding period of the previous year.

Crude Oil–Crude Oil production (weight: 8.98 per cent) declined by 2.4 per cent in January, 2022over January, 2021. Its cumulative index declined by 2.6 per cent during April to January, 2021-22over the corresponding period of previous year.

Natural Gas – Natural Gas production (weight: 6.88 per cent) increased by 11.7 per cent in January, 2022 over January, 2021. Its cumulative index increased by 21.2 per cent during April to January, 2021-22 over the corresponding period of previous year.

Petroleum Refinery Products–Petroleum Refinery production (weight: 28.04 per cent) increased by 3.7 per cent in January, 2022 over January, 2021. Its cumulative index increased by 9.3 per cent during April to January, 2021-22over the corresponding period of previous year.

Fertilizers –Fertilizers production (weight: 2.63 per cent) declined by 2.0 per cent in January, 2022 over January, 2021. Its cumulative index decreased by 0.3 per cent during April to January, 2021-22 over the corresponding period of previous year.

Steel –Steel production (weight: 17.92 per cent) 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 –Cement production (weight: 5.37 per cent) increased by 13.6 per cent in January, 2022 over January, 2021. Its cumulative index increased by 24.6 per cent during April to January, 2021-22 over the corresponding period of previous year.

Electricity –Electricity generation (weight: 19.85 per cent) increased by 0.5 per cent in January, 2022 over January,2021. Its cumulative index increased by 8.5 per cent during April to January, 2021-22 over the corresponding period of previous year.

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