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Core Industries Production up by 4.7% in March 2019, Cement and Coal production pumped up

PW Bureau

Core industries index grew by 4.7 per cent in March 2019 owing to a sharp increase in production of cement and coal the commerce and industries ministry announced Tuesday

New Delhi: The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 145.0 in March 2019, which was 4.7 per cent higher as compared to the index of March 2018. Its cumulative growth during April to March, 2018-19 was 4.3 percent. Following is the industry wise detail:

Coal

Coal production (weight: 10.33per cent) increased by 9.1 per cent in March 2019 over March 2018. Its cumulative index increased by 7.3 percent during April to March, 2018-19over corresponding period of the previous year.

Crude Oil

Crude Oil production (weight: 8.98per cent) declined by 6.2 per cent in March, 2019 over March, 2018. Its cumulative index declined by 4.1 percent during April to March, 2018-19 over the corresponding period of previous year.

Natural Gas

The Natural Gas production (weight: 6.88per cent) increased by 1.4 per cent in March, 2019 over March, 2018. Its cumulative index increased by 0.8 percent during April to March 2018-19 over the corresponding period of the previous year.

Refinery Products

Petroleum Refinery production (weight: 28.04 percent) increased by 4.3 percent in March 2019 over March 2018. Its cumulative index increased by 3.1 percent during April to March 2018-19 over the corresponding period of the previous year.

Fertilizers

Fertilizers production (weight: 2.63 per cent) increased by 4.3 percent in March 2019 over March 2018. Its cumulative index increased by 0.3 per cent during April to March 2018-19 over the corresponding period of the previous year.

Steel

Steel production (weight: 17.92 percent) increased by 6.7 per cent in March 2019 over March 2018. Its cumulative index increased by 4.7 percent during April to March 2018-19 over the corresponding period of the previous year.

Cement

Cement production (weight: 5.37 percent) increased by 15.7 per cent in March 2019 over March 2018. Its cumulative index increased by 13.3 percent duringApril to March 2018-19 over the corresponding period of the previous year.

Electricity

Electricity generation (weight: 19.85 percent) increased by 1.4 percent in March 2019 over March 2018. Its cumulative index increased by5.1 percent during April to March, 2018-19over the corresponding period of the previous year.

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Note 1: Data for January 2019, February 2019 and March 2019 are provisional.

Note 2: Since April 2014, Electricity generation data from Renewable sources are also included.

Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on a pro-rata basis to a combined weight of ICI equal to 100.

Note 4: Release of the index for April 2019 will be on Friday, May 31, 2019.