Index Of Core Industries (ICI) Shows Gain Of 3.1% On Year

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The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) is releasing Index of Eight Core Industries (ICI) for the Month of November 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 131.7 in November 2021, which increased by 3.1 percent (provisional) as compared to the Index of November 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Steel and Electricity industries increased in November 2021 over the corresponding period of last year.

Final growth rate of Index of Eight Core Industries for August 2021 is revised to 12.2% from its provisional level 11.6%. The growth rate of ICI during April-November 2021-22 was 13.7% (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 8.2 percent in November 2021 over November, 2020. Its cumulative index increased by 11.6 percent during April to November 2021-22 over corresponding period of the previous year.

Crude Oil

Crude Oil production (weight: 8.98 percent) declined by 2.2 percent in November, 2021 over November, 2020. Its cumulative index declined by 2.7 percent during April to November, 2021-22 over the corresponding period of previous year.

Natural Gas

Natural Gas production (weight: 6.88 percent) increased by 23.7 percent in November, 2021 over November, 2020. Its cumulative index increased by 22.8 percent during April to November, 2021-22 over the corresponding period of previous year.

Petroleum Refinery Products

Petroleum Refinery production (weight: 28.04 percent) increased by 4.3 percent in November, 2021 over November, 2020. Its cumulative index increased by 10.6 percent during April to November, 2021-22 over the corresponding period of previous year.

Fertilizers

Fertilizers production (weight: 2.63 percent) increased by 2.5 percent in November, 2021 over November, 2020. Its cumulative index decreased by 0.6 per cent during April to November, 2021-22 over the corresponding period of previous year.

Steel

Steel production (weight: 17.92 percent) increased by 0.8 percent in November, 2021 over November, 2020. Its cumulative index increased by 25.3 percent during April to November, 2021-22 over the corresponding period of previous year.

Cement

Cement production (weight: 5.37 percent) decreased by 3.2 percent in November, 2021 over November, 2020. Its cumulative index increased by 28.3 percent during April to November, 2021-22 over the corresponding period of previous year.

Electricity

Electricity generation (weight: 19.85 percent) increased by 1.5 percent in November, 2021 over November, 2020. Its cumulative index increased by 10.2 percent during April to November, 2021-22 over the corresponding period of previous year. (PIB)