India's eight core industries rises to 3.8% in December 2021

1 Feb 2022 , 08:44 AM

India’s combined Index of Eight Core Industries stood at 141.3 in December 2021, which is an increase of 3.8 per cent (provisional) as compared to December 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Cement and Electricity industries increased in December 2021 over the corresponding period of last year.

The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

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

Coal — Coal production (weight: 10.33 per cent) increased by 5.2 per cent in December 2021 over December 2020. Its cumulative index increased by 10.6 per cent from April to December 2021-22 over the corresponding period of the previous year.

Crude Oil — Crude Oil production (weight: 8.98 per cent) declined by 1.8 per cent in December 2021 over December 2020. Its cumulative index declined by 2.6 per cent from April to December 2021-22 over the corresponding period of the previous year.

Natural Gas – Natural Gas production (weight: 6.88 per cent) increased by 19.5 per cent in December 2021 over December 2020. Its cumulative index increased by 22.4 per cent from April to December 2021-22 over the corresponding period of the previous year.

Petroleum Refinery Products — Petroleum Refinery production (weight: 28.04 per cent) increased by 5.9 per cent in December 2021 over December 2020. Its cumulative index increased by 10.0 per cent from April to December 2021-22 over the corresponding period of the previous year.

Fertilizers — Fertilizers production (weight: 2.63 per cent) increased by 3.5 per cent in December 2021 over December 2020. Its cumulative index decreased by 0.1 per cent from April to December 2021-22 over the corresponding period of the previous year.

Steel — Steel production (weight: 17.92 per cent) declined by 1.0 per cent in December 2021 over December 2020. Its cumulative index increased by 22.1 per cent from April to December 2021-22 over the corresponding period of the previous year.

Cement — Cement production (weight: 5.37 per cent) increased by 12.9 per cent in December 2021 over December 2020. Its cumulative index increased by 26.1 per cent from April to December 2021-22 over the corresponding period of the previous year.

Electricity — Electricity generation (weight: 19.85 per cent) increased by 2.5 per cent in December 2021 over December 2020. Its cumulative index increased by 9.4 per cent from April to December 2021-22 over the corresponding period of the previous year.

The final growth rate of the Index of Eight Core Industries for September 2021 is revised to 5.4% from its provisional level of 4.4%. The growth rate of ICI during April-December 2021 was 12.6% (P) as compared to the corresponding period of last FY.