The combined Index of Eight Core Industries increases by 8.9 per cent as compared to the Index of June 2020

The combined Index of Eight Core Industries increases by 8.9 per cent as compared to the Index of June 2020


The production of Coal, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity industries mark an increase in June 2021 over the corresponding period of last year

INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR JUNE, 2021 RELEASED

Ministry of Commerce & Industry Press Release dated 30 July 2021

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 June, 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 126.6 in June 2021, which increased by8.9 per cent (provisional) as compared to the Index of June 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity industries increased in June 2021 over the corresponding periodof last year.

Final growth rate of Index of Eight Core Industries for March 2021 is revised to 12.6 %from its provisional level 6.8%. The growth rate of ICI during April-June 2021-22 was 25.3% (P) as compared to the corresponding period of lastFY.

The summary of the Index of Eight Core Industries is given below:

Coal –Coal production (weight: 10.33 per cent) increased by 7.4 per centin June,2021 overJune,2020. Its cumulative index increased by 8.0 per centduring April to June, 2021-22 over corresponding period of the previous year.

Crude Oil–Crude Oil production (weight: 8.98 per cent) declined by 1.8 per centinJune, 2021 overJune, 2020. Its cumulative index declined by 3.4 per centduring April to June, 2021-22over the corresponding period of previous year.

Natural Gas – Natural Gas production (weight: 6.88 per cent) increased by 20.6 per cent in June, 2021over June, 2020. Its cumulative index increased by 21.8 per cent during April to June, 2021-22 over the corresponding period of previous year.

Petroleum Refinery Products–Petroleum Refinery production (weight: 28.04 per cent) increased by 2.4 per centin June, 2021 over June, 2020. Its cumulative index increased by 15.4 per cent during April to June, 2021-22over the corresponding period of previous year.

Fertilizers – Fertilizers production (weight: 2.63 per cent) increased by 2.0 per centin June, 2021 over June, 2020. Its cumulative index decreased by 1.7 per centduring April to June, 2021-22 over the corresponding period of previous year.

Steel –Steel production (weight: 17.92 per cent)increased by 25.0 per cent in June, 2021 over June, 2020. Its cumulative index increased by 86.0 per centduring April to June, 2021-22 over the corresponding period of previous year.

Cement –Cement production (weight: 5.37 per cent) increased by 4.3 per centin June, 2021 over June, 2020. Its cumulative index increased by 52.9 per centduring April to June, 2021-22 over the corresponding period of previous year.

Electricity –Electricity generation (weight: 19.85 per cent) increased by 7.2per centin June, 2021 over June,2020. Its cumulative index increased by 16.4 per centduring April to June, 2021-22 over the corresponding period of previous year.

Note 1: Data for April, 2021, May, 2021 and June, 2021 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 pro rata basis to a combined weight of ICI equal to 100.

Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.

Note 5: Release of the index for July,2021 will

The combined Index of Eight Core Industries increases by 8.9 per cent as compared to the Index of June 2020The production of Coal, Natural Gas, Refinery Product

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1740728&RegID=3&LID=1

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