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Index of Eight Core Industries increases by 5.8% in February

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  • The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP)
  • The cumulative growth rate of ICI during April-February 2021-22 was 11.0 percent (P) as compared to the corresponding period of the last financial year

New Delhi: The combined Index of Eight Core Industries stood at 137.1 in February 2022, which increased by 5.8 percent (provisional) as compared to February 2021. The production of coal, natural gas, refinery products, steel, cement and electricity industries increased in February 2022 over the corresponding period of the last year. The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), released Index of Eight Core Industries (ICI) for the month of February on Thursday. 

ICI measures combined and individual performance of production in selected eight core industries — 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). Details of yearly and monthly indices and growth rates are provided at Annex I & II respectively.

Final growth rate of Index of Eight Core Industries for November 2021 has been revised to 3.2 percent from its provisional level 3.1 percent. The cumulative growth rate of ICI during April-February 2021-22 was 11.0 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 6.6 percent in February 2022 over February 2021. Its cumulative index increased by 9.8 percent during April to February, 2021-22 over the corresponding period of the previous year.

Crude Oil: Crude Oil production (weight: 8.98 percent) declined by 2.2 percent in February 2022 over February 2021. Its cumulative index declined by 2.6 percent during April to February 2021-22 over the corresponding period of the previous year.

Natural Gas: Natural Gas production (weight: 6.88 percent) increased by 12.5 percent in February 2022 over February 2021. Its cumulative index increased by 20.5 percent during April to February 2021-22 over the corresponding period of the previous year.

Petroleum Refinery Products: Petroleum Refinery production (weight: 28.04 percent) increased by 8.8 percent in February 2022 over February 2021. Its cumulative index increased by 9.2 percent during April to February 2021-22 over the corresponding period of the previous year.

Fertilizers: Fertilizer production (weight: 2.63 percent) declined by 1.4 percent in February 2022 over February 2021. Its cumulative index decreased by 0.4 percent during April to February 2021-22 over the corresponding period of the previous year.

Steel: Steel production (weight: 17.92 percent) increased by 5.7 percent in February 2022 over February 2021. Its cumulative index increased by 18.4 percent during April to February 2021-22 over the corresponding period of the previous year.

Cement: Cement production (weight: 5.37 percent) increased by 5.0 percent in February 2022 over February 2021. Its cumulative index increased by 22.4 percent during April to February 2021-22 over the corresponding period of the previous year.
 
Electricity: Electricity generation (weight: 19.85 percent) increased by 4.0 percent in February 2022 over February 2021. Its cumulative index increased by 8.1 percent during April to February 2021-22 over the corresponding period of the previous year.

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