Final growth rate of Index of Eight Core Industries for April 2020 was revised at -37.9%. The Eight Core Industries comprised 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
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Details of yearly/monthly index and growth rate is provided at Annexure.
Monthly growth rates of Index of Eight Core Industries (Overall) is depicted in the graph:
Summary of the Index of Eight Core Industries
Coal– Coal production (weight: 10.33per cent) declined by 5.7 per cent in July, 2020 over July,2019. Its cumulative index declined by 12.9per cent during April to July, 2020-21 over corresponding period of the previous year.
Crude Oil-Crude Oil production (weight: 8.98per cent) declined by 4.9 per cent in July, 2020 over July,2019. Its cumulative index declined by 6.1 per cent during April to July, 2020-21 over the corresponding period of previous year.
Natural Gas– The Natural Gas production (weight:6.88per cent) declined by 10.2 per cent in July, 2020 over July,2019. Its cumulative index declined by 14.7 per cent during April to July, 2020-21 over the corresponding period of previous year.
Refinery Products– Petroleum Refinery production (weight: 28.04per cent) declined by 13.9 per cent in July, 2020 over July,2019. Its cumulative index declined by 17.1per cent during April to July, 2020-21 over the corresponding period of previous year.
Fertilizers-Fertilizers production (weight: 2.63 per cent) increased by 6.9 per cent in July,2020 over July,2019. Its cumulative index increased by 3.9 per cent during April to July, 2020-21 over the corresponding period of previous year.
Steel-Steel production (weight: 17.92per cent) declined by 16.4 per cent in July, 2020 over July,2019. Its cumulative index declined by 42.0per cent during April to July, 2020-21 over the corresponding period of previous year.
Cement– Cement production (weight:5.37per cent) declined by 13.5 per cent in July, 2020 over July, 2019. Its cumulative index declined by 32.2 per cent during April to July, 2020-21 over the corresponding period of previous year.
Electricity– Electricity generation (weight:19.85per cent) declined by2.3per centin July,2020 over July,2019. Its cumulative index declined by 12.4per cent during April to July, 2020-21 over the corresponding period of previous year.
Note 1: Data for May, 2020, June, 2020and July, 2020 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.
Note5: Release of the index for August, 2020 will be on Wednesday,30th September,2020.
Annexure
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2011-12=100
Index
| Sector | Weight | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | Apr-July 2019-20 | Apr-July 2020-21 |
| Coal | 10.3335 | 103.2 | 104.2 | 112.6 | 118.0 | 121.8 | 124.9 | 134.1 | 133.6 | 120.0 | 104.4 |
| Crude Oil | 8.9833 | 99.4 | 99.2 | 98.4 | 97.0 | 94.5 | 93.7 | 89.8 | 84.5 | 86.4 | 81.2 |
| Natural Gas | 6.8768 | 85.6 | 74.5 | 70.5 | 67.2 | 66.5 | 68.4 | 69.0 | 65.1 | 67.4 | 57.4 |
| Refinery Products | 28.0376 | 107.2 | 108.6 | 108.8 | 114.1 | 119.7 | 125.2 | 129.1 | 129.4 | 127.0 | 105.3 |
| Fertilizers | 2.6276 | 96.7 | 98.1 | 99.4 | 106.4 | 106.6 | 106.6 | 107.0 | 109.8 | 104.0 | 108.1 |
| Steel | 17.9166 | 107.9 | 115.8 | 121.7 | 120.2 | 133.1 | 140.5 | 147.7 | 152.6 | 157.3 | 91.2 |
| Cement | 5.3720 | 107.5 | 111.5 | 118.1 | 123.5 | 122.0 | 129.7 | 147.0 | 145.7 | 149.0 | 101.1 |
| Electricity | 19.8530 | 104.0 | 110.3 | 126.6 | 133.8 | 141.6 | 149.2 | 156.9 | 158.4 | 170.9 | 149.7 |
| Overall Index | 100.0000 | 103.8 | 106.5 | 111.7 | 115.1 | 120.5 | 125.7 | 131.2 | 131.6 | 133.3 | 105.9 |
Growth Rates (in per cent)
| Sector | Weight | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | Apr-July 2019-20 | Apr-July 2020-21 |
| Coal | 10.3335 | 3.2 | 1.0 | 8.0 | 4.8 | 3.2 | 2.6 | 7.4 | -0.4 | 1.6 | -12.9 |
| Crude Oil | 8.9833 | -0.6 | -0.2 | -0.9 | -1.4 | -2.5 | -0.9 | -4.1 | -5.9 | -6.2 | -6.1 |
| Natural Gas | 6.8768 | -14.4 | -12.9 | -5.3 | -4.7 | -1.0 | 2.9 | 0.8 | -5.6 | -0.8 | -14.7 |
| Refinery Products | 28.0376 | 7.2 | 1.4 | 0.2 | 4.9 | 4.9 | 4.6 | 3.1 | 0.2 | -2.0 | -17.1 |
| Fertilizers | 2.6276 | -3.3 | 1.5 | 1.3 | 7.0 | 0.2 | 0.03 | 0.3 | 2.7 | -0.4 | 3.9 |
| Steel | 17.9166 | 7.9 | 7.3 | 5.1 | -1.3 | 10.7 | 5.6 | 5.1 | 3.4 | 11.4 | -42.0 |
| Cement | 5.3720 | 7.5 | 3.7 | 5.9 | 4.6 | -1.2 | 6.3 | 13.3 | -0.9 | 2.6 | -32.2 |
| Electricity | 19.8530 | 4.0 | 6.1 | 14.8 | 5.7 | 5.8 | 5.3 | 5.2 | 0.9 | 6.8 | -12.4 |
| Overall Growth | 100.0000 | 3.8 | 2.6 | 4.9 | 3.0 | 4.8 | 4.3 | 4.4 | 0.4 | 3.2 | -20.5 |
Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2011-12=100
Index
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Index |
| Weight | 10.3335 | 8.9833 | 6.8768 | 28.0376 | 2.6276 | 17.9166 | 5.3720 | 19.8530 | 100.0000 |
| Jul-19 | 106.4 | 87.2 | 68.1 | 132.9 | 111.7 | 151.7 | 146.5 | 170.5 | 132.6 |
| Aug-19 | 94.8 | 86.6 | 67.4 | 131.0 | 112.6 | 150.0 | 127.7 | 165.7 | 128.5 |
| Sep-19 | 87.3 | 83.4 | 64.3 | 117.5 | 113.9 | 141.2 | 131.3 | 158.7 | 120.7 |
| Oct-19 | 109.6 | 86.3 | 66.3 | 134.2 | 115.5 | 149.5 | 137.0 | 145.8 | 127.4 |
| Nov-19 | 133.6 | 82.4 | 64.4 | 133.0 | 116.7 | 154.9 | 142.4 | 139.9 | 129.2 |
| Dec-19 | 152.9 | 83.5 | 65.5 | 130.5 | 120.5 | 165.2 | 159.2 | 150.2 | 135.5 |
| Jan-20 | 164.7 | 85.0 | 65.3 | 134.4 | 116.5 | 155.4 | 164.1 | 155.6 | 137.4 |
| Feb-20 | 171.1 | 75.6 | 58.3 | 128.9 | 107.8 | 152.9 | 160.7 | 153.6 | 134.0 |
| Mar-20 | 209.7 | 85.0 | 60.1 | 135.3 | 98.3 | 133.2 | 129.8 | 146.9 | 134.0 |
| Apr-20 | 103.7 | 80.2 | 53.3 | 94.2 | 85.0 | 26.9 | 22.5 | 125.6 | 81.2 |
| May-20 | 109.4 | 82.0 | 57.2 | 102.0 | 113.4 | 92.1 | 117.3 | 150.6 | 106.9 |
| Jun-20 | 104.3 | 79.6 | 58.1 | 110.6 | 114.6 | 118.8 | 137.8 | 156.2 | 115.6 |
| Jul-20 | 100.3 | 83.0 | 61.2 | 114.5 | 119.4 | 126.9 | 126.8 | 166.5 | 119.9 |
Growth Rates (in per cent)
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Growth |
| Weight | 10.3335 | 8.9833 | 6.8768 | 28.0376 | 2.6276 | 17.9166 | 5.3720 | 19.8530 | 100.0000 |
| Jul-19 | -1.6 | -4.4 | -0.5 | -0.9 | 1.5 | 8.1 | 7.7 | 5.2 | 2.6 |
| Aug-19 | -8.6 | -5.4 | -3.9 | 2.6 | 2.9 | 3.8 | -5.1 | -0.9 | -0.2 |
| Sep-19 | -20.5 | -5.4 | -4.9 | -6.6 | 5.4 | -1.4 | -2.0 | -2.6 | -5.1 |
| Oct-19 | -17.6 | -5.1 | -5.6 | 0.4 | 11.8 | -0.5 | -7.7 | -12.2 | -5.5 |
| Nov-19 | -3.5 | -6.0 | -6.4 | 3.1 | 13.6 | 7.0 | 4.3 | -4.9 | 0.7 |
| Dec-19 | 6.1 | -7.4 | -9.2 | 3.0 | 10.2 | 8.7 | 5.5 | 0.0 | 3.1 |
| Jan-20 | 8.0 | -5.3 | -9.0 | 1.9 | -0.1 | 1.6 | 5.1 | 3.2 | 2.2 |
| Feb-20 | 11.3 | -6.4 | -9.6 | 7.4 | 2.9 | 2.9 | 7.8 | 11.5 | 6.4 |
| Mar-20 | 4.0 | -5.5 | -15.1 | -0.5 | -11.9 | -21.9 | -25.1 | -8.2 | -8.6 |
| Apr-20 | -15.5 | -6.4 | -19.9 | -24.2 | -4.5 | -82.8 | -85.2 | -22.9 | -37.9 |
| May-20 | -14.0 | -7.1 | -16.8 | -21.3 | 7.5 | -43.1 | -21.4 | -14.8 | -22.0 |
| Jun-20 | -15.5 | -6.0 | -12.0 | -8.9 | 4.2 | -25.4 | -6.8 | -10.0 | -12.9 |
| Jul-20 | -5.7 | -4.9 | -10.2 | -13.9 | 6.9 | -16.4 | -13.5 | -2.3 | -9.6 |
– globalbihari bureau
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