The combined Index of Eight Core Industries increased by 7.9 per cent (provisional) in September 2022 as compared to the Index of September 2021. The production of Cement, Coal, Fertilizers, Electricity, Steel and Refinery Products industries increased in September 2022 over the corresponding month of last year.
ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
Final growth rate of Index of Eight Core Industries for June 2022 is revised to 13.1% from its provisional level 12.7%. The cumulative growth rate of ICI during April-September 2022-23 was 9.6% (P) as compared to the corresponding period of last year.
The summary of the Index of Eight Core Industries is given below:
Coal– Coal production (weight: 10.33 per cent) increased by 12.0 per cent in September, 2022 over September, 2021. Its cumulative index increased by 21.0 per cent during April to September, 2022-23 over corresponding period of the previous year.
Crude Oil– Crude Oil production (weight: 8.98 per cent) declined by 2.3 per cent in September, 2022 over September, 2021. Its cumulative index declined by 1.3 per cent during April to September, 2022-23 over the corresponding period of previous year.
Natural Gas– Natural Gas production (weight: 6.88 per cent) declined by 1.7 per cent in September, 2022 over September, 2021. Its cumulative index increased by 1.8 per cent during April to September, 2022-23 over the corresponding period of previous year.
Petroleum Refinery Products– Petroleum Refinery production (weight: 28.04 per cent) increased by 6.6 per cent in September, 2022 over September, 2021. Its cumulative index increased by 10.1 per cent during April to September, 2022-23 over the corresponding period of previous year.
Fertilizers– Fertilizers production (weight: 2.63 per cent) increased by 11.8 per cent in September, 2022 over September, 2021. Its cumulative index increased by 11.5 per cent during April to September, 2022-23 over the corresponding period of previous year.
Steel– Steel production (weight: 17.92 per cent) increased by 6.7 per cent in September, 2022 over September, 2021. Its cumulative index increased by 6.4 per cent during April to September, 2022-23 over the corresponding period of previous year.
Cement –Cement production (weight: 5.37 per cent) increased by 12.1 per cent in September, 2022 over September, 2021. Its cumulative index increased by 10.9 per cent during April to September, 2022-23 over the corresponding period of previous year.
Electricity– Electricity generation (weight: 19.85 per cent) increased by 11.0 per cent in September, 2022 over September, 2021. Its cumulative index increased by 10.7 per cent during April to September, 2022-23 over the corresponding period of previous year.
