The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) is releasing Index of Eight Core Industries(ICI) for the Month of July, 2021. 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). Details of yearly and monthly indices and growth rates are provided at Annex I & IIrespectively.
The combined Index of Eight Core Industries stood at 134.0 in July 2021, which increased by 9.4 per cent (provisional) as compared to the Index of July 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity industries increased in July 2021 over the corresponding period of last year.
Final growth rate of Index of Eight Core Industries for April 2021 is revised to 62.6% from its provisional level 56.1%. The growth rate of ICI during April-July 2021-22 was 21.2% (P) as compared to the corresponding period of last FY.
THE SUMMARY OF THE INDEX OF EIGHT CORE INDUSTRIES IS GIVEN BELOW
Coal – Coal production (weight: 10.33 per cent) increased by 18.7 per cent in July, 2021 over July, 2020.Its cumulative index increased by 10.5 per cent during April to July, 2021-22 over corresponding period of the previous year.
Crude Oil – Crude Oil production (weight: 8.98 per cent) declined by 3.2 per cent in July, 2021 over July,2020. Its cumulative index declined by 3.4 per cent during April to July, 2021-22 over the corresponding period of previous year.
Natural Gas – Natural Gas production (weight: 6.88 per cent) increased by 18.9 per cent in July, 2021over July, 2020. Its cumulative index increased by 21.0 per cent during April to July, 2021-22 over the corresponding period of previous year.
Petroleum Refinery Products – Petroleum Refinery production (weight: 28.04 per cent) increased by 6.7per cent in July, 2021 over July, 2020. Its cumulative index increased by 13.1 per cent during April to July, 2021-22 over the corresponding period of previous year.
Fertilizers – Fertilizers production (weight: 2.63 per cent) increased by 0.5 per cent in July, 2021 over July, 2020. Its cumulative index decreased by 1.1 per cent during April to July, 2021-22 over the corresponding period of previous year.
Steel – Steel production (weight: 17.92 per cent) increased by 9.3 per cent in July, 2021 over July, 2020. Its cumulative index increased by 59.4 per cent during April to July, 2021-22 over the corresponding period of previous year.
Cement – Cement production (weight: 5.37 per cent) increased by 21.8 per cent in July, 2021 over July, 2020. Its cumulative index increased by 45.6 per cent during April to July, 2021-22 over the corresponding period of previous year.
Electricity – Electricity generation (weight: 19.85 per cent) increased by 9.0 per cent in July, 2021 over July, 2020. Its cumulative index increased by 14.6 per cent during April to July, 2021-22 over the corresponding period of previous year.
The combined Index of Eight Core Industries stood at 134.0 in July 2021, which increased by 9.4 per cent (provisional) as compared to the Index of July 2020. The production of coal, natural gas, refinery products, fertilizers, steel, cement and electricity industries increased in July 2021 over the corresponding period of last year.