Ministry of Commerce & Industry Released Index of Eight Core Industries – 8.5% Growth noted over 2015 Index

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Nirmala Sitharaman
Nirmala Sitharaman

Index of Eight Core Industries (Base: 2004-05=100) April, 2016

The summary of the Index of Eight Core Industries (base: 2004-05) is given at the Annexure.

The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 176.4 in April, 2016, which was 8.5 % higher compared to the index of April, 2015. Its cumulative growth during April to March, 2015-16was 2.7 %.

Coal

Coal production (weight: 4.38 %) decreased by 0.9 % in April, 2016 over April, 2015. Its cumulative index during April to March, 2015-16 increased by 4.6 % over corresponding period of previous year.

Crude Oil

Crude Oil production (weight: 5.22 %) decreased by 2.3 % in April, 2016 over April, 2015. Its cumulative index during April to March, 2015-16 decreased by 1.4 % over the corresponding period of previous year.

Natural Gas

The Natural Gas production (weight: 1.71 %) decreased by 6.8 % in April, 2016 over April, 2015. Its cumulative index during April to March, 2015-16 declined by 4.2 % over the corresponding period of previous year.

Refinery Products (93% of Crude Throughput)

Petroleum Refinery production (weight: 5.94%) increased by 17.9 % in April, 2016 over April, 2015. Its cumulative index during April to March, 2015-16 increased by 3.8 % over the corresponding period of previous year.

Fertilizers

Fertilizer production (weight: 1.25%) increased by 7.8 % in April, 2016 over April, 2015. Its cumulative index during April to March, 2015-16 increased by 11.3 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)

Steel production (weight: 6.68%) increased by 6.1 % in April, 2016 over April, 2015. Its cumulative index during April to March, 2015-16 declined by 1.4 % over the corresponding period of previous year.

Cement

Cement production (weight: 2.41%) increased by 4.4 % in April, 2016 over April, 2015. Its cumulative index during April to March, 2015-16 increased by 4.7 % over the corresponding period of previous year.

Electricity

Electricity generation (weight: 10.32%) increased by 14.7 % in April, 2016 over April, 2015. Its cumulative index during April to March, 2015-16 increased by 5.2 % over the corresponding period of previous year.

Note 1: Data are provisional. Revision has been made based on revised data received for corresponding month of previous year in respect of Coal, Crude Oil, Natural Gas, Refinery Product, Steel, Cement and Electricity. Accordingly, indices for the month April, 2015 have been revised.

Note 2: Release of the index for May, 2016 will be on Thursday, 30th June, 2016.

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2004-05=100

INDEX

Sector Weight 2011-12 2012-13 2013-14 2014-15 2015-16 Apr-Apr 2015-16 Apr-Apr 2016-17
Coal 4.379 141.5 148.1 150.0 162.2 169.7 156.3 154.9
Crude Oil 5.216 112.1 111.4 111.2 110.2 108.7 106.8 104.4
Natural Gas 1.708 149.7 128.1 111.5 106.0 101.5 100.9 94.0
Refinery Products 5.939 133.7 172.5 175.0 175.6 182.3 161.3 190.3
Fertilizers 1.254 103.8 100.2 101.8 101.7 113.2 87.3 94.2
Steel 6.684 174.0 181.1 201.9 211.4 208.4 200.0 212.3
Cement 2.406 175.2 188.7 194.5 205.3 214.9 215.8 225.2
Electricity 10.316 149.3 155.3 164.6 178.5 187.9 177.1 203.1
Overall Index 37.903 145.3 154.7 161.2 168.5 173.0 162.7 176.4

 

 GROWTH RATES (in %)

Sector Weight 2011-12 2012-13 2013-14 2014-15 2015-16 Apr-Apr 2015-16 Apr-Apr 2016-17
Coal 4.379 1.3 4.6 1.3 8.1 4.6 8.1 -0.9
Crude Oil 5.216 1.0 -0.6 -0.2 -0.9 -1.4 -2.5 -2.3
Natural Gas 1.708 -8.9 -14.5 -13.0 -4.9 -4.2 -3.6 -6.8
Refinery Products# 5.939 3.1 29.0 1.5 0.3 3.8 -2.9 17.9
Fertilizers 1.254 0.4 -3.4 1.5 -0.1 11.3 0.0 7.8
Steel 6.684 10.3 4.1 11.5 4.7 -1.4 0.0 6.1
Cement 2.406 6.7 7.7 3.1 5.6 4.7 -1.4 4.4
Electricity 10.316 8.1 4.0 6.0 8.4 5.2 -0.5 14.7
Overall Index 37.903 5.0 6.5 4.2 4.5 2.7 -0.2 8.5

 

#Refinery Products’ yearly growth rate of 2012-13 is not comparable with other years on account of inclusion of RIL (SEZ) production data since April, 2012.

Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2004-05=100

 

INDEX
Sector
Coal
Crude 
Oil
Natural 
Gas
Refinery 
Products
Ferti-
lizers
Steel
Cement
Electricity
Overall 
Index
Weight
4.379
5.216
1.708
5.939
1.254
6.684
2.406
10.316
37.903
Apr-15
156.3
106.8
100.9
161.3
87.3
200.0
215.8
177.1
162.7
May-15
156.5
112.5
107.8
186.0
101.8
231.7
221.3
194.0
178.6
Jun-15
148.1
109.5
102.9
183.9
105.3
221.1
215.0
181.8
171.2
Jul-15
134.7
110.7
99.0
176.2
111.3
206.3
209.7
190.3
168.0
Aug-15
139.0
112.8
107.2
185.1
119.0
197.5
197.2
194.3
169.6
Sep-15
143.2
107.4
103.9
170.3
119.4
197.5
195.8
194.4
166.8
Oct-15
168.4
111.3
105.6
172.5
122.1
209.4
207.4
201.1
175.4
Nov-15
180.3
107.3
102.6
185.9
118.4
194.6
185.9
174.2
166.8
Dec-15
197.4
108.7
103.4
190.2
122.6
203.6
217.9
182.4
175.7
Jan-16
200.4
107.3
92.5
194.7
118.5
216.7
236.1
187.3
180.7
Feb-16
191.5
102.3
96.9
179.4
113.4
202.6
232.5
181.2
172.2
Mar-16
221.1
108.1
96.0
201.9
119.1
219.7
244.6
196.3
188.0
Apr-16
154.9
104.4
94.0
190.3
94.2
212.3
225.2
203.1
176.4


GROWTH RATES (in %)
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
4.379
5.216
1.708
5.939
1.254
6.684
2.406
10.316
37.903
Apr-15
8.1
-2.5
-3.6
-2.9
-0.04
0.01
-1.4
-0.5
-0.2
May-15
7.8
0.8
-3.1
7.9
1.3
2.6
2.6
5.5
4.4
Jun-15
6.3
-0.7
-5.9
7.5
5.8
4.9
2.6
0.2
3.0
Jul-15
0.3
-0.4
-4.4
2.9
8.6
-2.6
1.3
3.5
1.1
Aug-15
0.4
5.6
3.7
5.8
12.6
-5.9
5.4
5.6
2.6
Sep-15
1.9
-0.1
0.9
0.5
18.1
-2.5
-1.5
10.8
3.2
Oct-15
6.3
-2.1
-1.8
-4.4
16.2
-1.2
11.7
8.8
3.2
Nov-15
3.5
-3.3
-3.9
2.5
13.5
-8.4
-1.8
0.0
-1.3
Dec-15
6.1
-4.1
-6.1
2.1
13.1
-4.4
3.2
2.7
0.9
Jan-16
9.1
-4.6
-15.3
4.8
6.2
-2.8
9.0
6.0
2.9
Feb-16
3.9
0.8
1.2
8.1
16.3
-0.5
13.5
9.2
5.7
Mar-16
1.7
-5.1
-10.5
10.8
22.9
3.4
11.9
11.3
6.4
Apr-16
-0.9
-2.3
-6.8
17.9
7.8
6.1
4.4
14.7
8.5

Source : pib.nic.in