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Eight Core Industries grew by 4.3% in 2018-19, the growth rate for March 2019 was 4.7%

Ministry of Commerce of Industry has released data on eight core industries as on March 2019. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 145.0 in March, 2019, which was 4.7% higher as compared to the index of March, 2018. Its cumulative growth during April to March, 2018-19 was 4.3%.

In the eight sectors, only crude oil production declined, all other seven sectors saw positive growth in March 2019.

Coal production (weight: 10.33%) increased by 9.1% in March, 2019 over March, 2018. Its cumulative index increased by 7.3% during April to March, 2018-19over corresponding period of the previous year.

Crude Oil production (weight: 8.98%) declined by 6.2% in March, 2019 over March, 2018. Its cumulative index declined by 4.1% during April to March, 2018-19 over the corresponding period of previous year.

The Natural Gas production (weight: 6.88%) increased by 1.4% in March, 2019 over March, 2018. Its cumulative index increased by 0.8% during April to March, 2018-19 over the corresponding period of previous year.

Petroleum Refinery production (weight: 28.04%) increased by 4.3% in March, 2019 over March, 2018. Its cumulative index increased by 3.1% during April to March, 2018-19 over the corresponding period of previous year.

Fertilizers production (weight: 2.63%) increased by 4.3% in March, 2019 over March, 2018. Its cumulative index increased by 0.3% during April to March, 2018-19 over the corresponding period of previous year.

Steel production (weight: 17.92%) increased by 6.7% in March, 2019 over March, 2018. Its cumulative index increased by 4.7% during April to March, 2018-19 over the corresponding period of previous year.

Cement production (weight: 5.37%) increased by 15.7% in March, 2019 over March, 2018. Its cumulative index increased by 13.3% during April to March, 2018-19 over the corresponding period of previous year.

Electricity generation (weight: 19.85%) increased by 1.4% in March, 2019 over March, 2018. Its cumulative index increased by5.1% during April to March, 2018-19over the corresponding period of previous year.

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Staff reporter at OpIndia

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