The combined Index of eight core industries has increased by 7.8 per cent in January 2023 as compared to that of January 2022. Fertilizer, coal, electricity, steel, natural gas, cement, crude oil and refinery production increased in January 2023 over the corresponding month of last year.
The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of core industries during April-January 2022-23 was 7.9 per cent as compared to the corresponding period of last year.
Advertisement
The summary of the Index of the eight core industries is:
–Coal – Coal production (weight: 10.33 per cent) increased by 13.4 per cent in January 2023 over January 2022. Its cumulative index increased by 16.1 per cent during April to January 2022-23 over the corresponding period of the previous year;
–Crude Oil – Crude Oil production (weight: 8.98 per cent) declined by 1.1 per cent in January 2023 over January 2022. Its cumulative index declined by 1.3 per cent during April to January 2022-23 over the corresponding period of the previous year;
–Natural Gas – Natural Gas production (weight: 6.88 per cent) increased by 5.3 per cent in January 2023 over January 2022. Its cumulative index increased by 1.4 per cent during April to January 2022-23 over the corresponding period of the previous year;
–Petroleum Refinery Products – Petroleum Refinery production (weight: 28.04 per cent) increased by 4.5 per cent in January 2023 over January 2022. Its cumulative index increased by 5.4 per cent during April to January 2022-23 over the corresponding period of the previous year;
–Fertilizers – Fertilizers production (weight: 2.63 per cent) increased by 17.9 per cent in January 2023 over January 2022. Its cumulative index increased by 10.5 per cent during April to January 2022-23 over the corresponding period of the previous year;
–Steel – Steel production (weight: 17.92 per cent) increased by 6.2 per cent in January 2023 over January 2022. Its cumulative index increased by 7.1 per cent during April to January 2022-23 over the corresponding period of the previous year;
–Cement – Cement production (weight: 5.37 per cent) increased by 4.6 per cent in January 2023 over January 2022. Its cumulative index increased by 10.0 per cent during April to January, 2022-23 over the corresponding period of the previous year; and
–Electricity – Electricity generation (weight: 19.85 per cent) increased by 12.0 per cent in January 2023 over January 2022. Its cumulative index increased by 10.1 per cent during April to January 2022-23 over the corresponding period of the previous year.
