New Delhi: The combined Index of Eight Core Industries stood at 124.2 in October,2020, which declined by 2.5 (provisional) per cent as compared to the Index of October, 2019. Its cumulative growth during April to October, 2020-21 has been(-) 13.0%, the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade, stated today.
Monthly growth rates of Index of Eight Core Industries (Overall) is depicted in the following graph:
The summary of the Index of Eight Core Industries is given below:
Coal – Coal production (weight: 10.33per cent) increased by 11.6 per cent in October, 2020 over October,2019. Its cumulative index declined by 3.6per cent during April toOctober, 2020-21over corresponding period of the previous year.
Crude Oil – Crude Oil production (weight: 8.98per cent) declined by 6.2 per cent inOctober, 2020 over October,2019. Its cumulative index declined by 6.1 per cent during April toOctober, 2020-21over the corresponding period of previous year.
Natural Gas – The Natural Gas production (weight:6.88per cent) declined by8.6 per cent in October, 2020 over October,2019. Its cumulative index declined by 12.5 per cent during April to October, 2020-21 over the corresponding period of previous year.
Refinery Products – Petroleum Refinery production (weight: 28.04per cent) declined by17.0 per cent in October, 2020 over October,2019. Its cumulative index declined by 16.4per cent during April to October, 2020-21over the corresponding period of previous year.
Fertilisers – Fertilisers’ production (weight: 2.63 per cent) increased by 6.3 per cent in October,2020 overOctober,2019. Its cumulative index increased by 4.1 per cent during April toOctober, 2020-21 over the corresponding period of previous year.
Steel – Steel production (weight: 17.92per cent) declined by 2.7 per cent inOctober, 2020 over October,2019. Its cumulative index declined by 22.8per cent during April to October, 2020-21 over the corresponding period of previous year.
Cement – Cement production (weight:5.37per cent) increased by 2.8per cent in October, 2020overOctober,2019. Its cumulative index declined by 21.3per cent during April to October, 2020-21over the corresponding period of previous year.
Electricity – Electricity generation (weight:19.85per cent) increased by10.5 per cent in October, 2020 over October,2019. Its cumulative index declined by 5.6 per cent duringApril to October, 2020-21over the corresponding period of previous year.
Note 1: Data for August, 2020, September, 2020and October, 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 November, 2020 will be on Thursday December 31,2020.
– globalbihari bureau
