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Index of 8 core industries increases by 8.4% in April 2022

The combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 percent as compared to the Index of April 2021

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New Delhi: The combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 percent (provisional) as compared to the Index of April 2021. The production of coal, electricity, refinery products, fertilizers, cement and natural gas industries increased in April 2022 over the corresponding period of the last year.

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) has released the Index of Eight Core Industries (ICI) for the Month of April on Tuesday. ICI measures combined and individual performance of production in selected eight core industries like, coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

The final growth rate of the Index of Eight Core Industries for January 2022 is revised to 4.0 percent from its provisional level 3.7 percent. The growth rate of ICI during April-March 2021-22 was 10.4 percent (P) as compared to the corresponding period of the last financial year.
The summary of the Index of Eight Core Industries is given below:

Coal –Coal production (weight: 10.33 percent) increased by 28.8 percent in April 2022 over April 2021. Its cumulative index increased by 8.5 percent during April to March 2021-22 over the corresponding period of the previous year.

Crude Oil–Crude Oil production (weight: 8.98 percent) declined by 0.9 percent in April 2022 over April 2021. Its cumulative index declined by 2.6 percent during April to March, 2021-22 over the corresponding period of previous year.

Natural Gas – Natural Gas production (weight: 6.88 percent) increased by 6.4 percent in April 2022 over April 2021. Its cumulative index increased by 19.2 percent during April to March 2021-22 over the corresponding period of the previous year.

Petroleum Refinery Products–Petroleum Refinery production (weight: 28.04 percent) increased by 9.2 percent in April 2022 over April 2021. Its cumulative index increased by 8.9 percent during April to March 2021-22 over the corresponding period of the previous year.

Fertilizers – Fertilizers production (weight: 2.63 percent) increased by 8.7 percent in April 2022 over April 2021. Its cumulative index increased by 0.7 percent during April to March 2021-22 over the corresponding period of the previous year.

Steel –Steel production (Weight: 17.92 percent) declined by 0.7 percent in April 2022 over April 2021. Its cumulative index increased by 17.1 percent during April to March 2021-22 over the corresponding period of the previous year.

Cement –Cement production (weight: 5.37 percent) increased by 8.0 percent in April 2022 over April 2021. Its cumulative index increased by 20.8 percent during April to March 2021-22 over the corresponding period of the previous year.

Electricity –Electricity generation (weight: 19.85 percent) increased by 10.7 percent in April 2022 over April 2021. Its cumulative index increased by 8.0 percent during April to March 2021-22 over the corresponding period of the previous year.

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