India’s Eight Core Industries Grew At 2.2% In January
The combined index of Eight Core Industries stood at 137.5 in January, 2.2 percent higher than the same month a year ago, according to data released by the Ministry of Commerce on Friday. The cumulative growth for the financial year from April 2019 to January 2020 was at 0.6 percent.
The Eight Core Industries make for 40.27 percent of the weight of items included in the Index of Industrial Production (IIP), one of the many indicators of GDP (gross domestic product) growth in India.
Coal
Coal production increased by 8 percent from January 2019. Its cumulative index fell by 2.4 percent from April 2019 to January 2020 when compared to the corresponding period of the previous year.
Crude oil
Crude oil production declined by 5.3 percent from January 2019. Its cumulative index fell by 6 percent from April 2019 to January 2020 when compared to the corresponding period of the previous year.
Natural Gas
The Natural Gas production declined by 9.1 percent from January 2019. Its cumulative index fell by 4.3 percent from April 2019 to January 2020 when compared to the corresponding period of the previous year.
Refinery Products
Petroleum Refinery production rose by 1.9 percent from January 2019. Its cumulative index fell by 0.4 percent from April 2019 to January 2020 when compared to the corresponding period of previous year.
Fertilizers
Fertilizers production declined by 0.1 percent from January 2019. Its cumulative index rose by 4.2 percent from April 2019 to January 2020 when compared to the corresponding period of the previous year.
Steel
Steel production increased by 2.2 percent from January 2019. Its cumulative index rose by 5.3 percent from April 2019 to January 2020 when compared to the corresponding period of the previous year.
Cement
Cement production rose by 5 percent from January 2019. Its cumulative index rose by 1.1 percent from April 2019 to January 2020 when compared to the corresponding period of the previous year.
Electricity
Electricity generation increased by 2.8 percent from January 2019. Its cumulative index rose by 0.9 percent from April 2019 to January 2020 when compared to the corresponding period of the previous year.