The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries (ICI) for the Month of September, 2021.
ICI measures combined and individual performance of production in selected eight core industries viz. 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.
The combined Index of Eight Core Industries stood at 126.7 in September 2021, which increased by4.4 per cent (provisional) as compared to the Index ofSeptember 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers,Steel, Cement and Electricity industries increased in September 2021 over the corresponding periodof last year.
Final growth rate of Index of Eight Core Industries for June 2021 is revised to 9.4%from its provisional level 8.9%. The growth rate of ICI during April-September2021-22 was 16.6% (P) as compared to the corresponding period of last FY.
The summary of the Index of Eight Core Industries is given below:
Coal – Coal production (weight: 10.33 percent) increased by 8.1 percent in September,2021 over September, 2020. Its cumulative index increased by 11.7 per centduring April to September,2021-22 over corresponding period of the previous year.
Crude Oil – Crude Oil production (weight: 8.98 per cent) declined by 1.7 per centinSeptember, 2021 overSeptember, 2020. Its cumulative index declined by 2.9 per centduring April to September, 2021-22over the corresponding period of previous year.
Natural Gas – Natural Gas production (weight: 6.88 percent) increased by 27.5 per cent in September, 2021over September, 2020. Its cumulative index increased by 22.1 per cent during April to September, 2021-22 over the corresponding period of previous year.
Petroleum Refinery Products – Petroleum Refinery production (weight: 28.04 per cent) increased by 6.0 percent September, 2021 over September, 2020. Its cumulative index increased by 11.2 percent during April to September, 2021-22over the corresponding period of previous year.
Fertilizers – Fertilizers production (weight: 2.63 percent) increased by0.02 per centin September, 2021 over September, 2020. Its cumulative index decreased by 1.3 per centduring April to September, 2021-22 over the corresponding period of previous year.
Steel – Steel production (weight: 17.92 percent)increased by 3.0 percent in September, 2021 over September, 2020. Its cumulative index increased by 35.0 percent during April to September, 2021-22 over the corresponding period of previous year.
Cement – Cement production (weight: 5.37 percent) increased by 10.8 percent in September, 2021 over September, 2020. Its cumulative index increased by 37.7 percent during April to September, 2021-22 over the corresponding period of previous year.
Electricity – Electricity generation (weight: 19.85 per cent) increased by 0.3per cent in September, 2021 over September,2020. Its cumulative index increased by 12.7 percent during April to September, 2021-22 over the corresponding period of the previous year.
(Economy India)
