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.