India’s core sector growth rises to 12.7 percent in June
- In Reports
- 10:50 PM, Jul 29, 2022
- Myind Staff
India’s eight core industries which include coal, cement, electricity, refinery products, fertilizers, steel, and natural gas, recorded a growth of 12.7 percent in June against 9.4 percent recorded in the same month last year, according to official data released on Friday.
The combined Index of Eight Core Industries increased by 12.7 percent (provisional) as compared to the Index of June 2021, according to data released by the Ministry of Commerce & Industry.
Coal production increased by 31.1 percent in June 2022 over June 2021. Its cumulative index increased by 31.2 percent during April to June 2022-23 over the corresponding period of the previous year.
Crude oil production declined by 1.7 percent in June 2022 over June, 2021. Its cumulative index increased by 0.6 percent during April to June 2022-23 over the corresponding period of the previous year.
Natural gas production increased by 1.2 percent in June 2022 over June 2021. Its cumulative index increased by 4.8 percent during April to June 2022-23 over the corresponding period of the previous year.
Petroleum Refinery production increased by 15.1 percent in June 2022 over June 2021. Its cumulative index increased by 13.5 percent during April to June, 2022-23 over the corresponding period of the previous year.
Fertilizer production increased by 8.2 percent in June 2022 over June 2021. Its cumulative index increased by 13.2 percent during April to June, 2022-23 over the corresponding period of the previous year.
Steel production increased by 3.3 percent in June 2022 over June 2021. Its cumulative index increased by 6.6 percent during April to June, 2022-23 over the corresponding period of the previous year.
Cement production increased by 19.4 percent in June, 2022 over June, 2021. Its cumulative index increased by 17.1 percent during April to June, 2022-23 over the corresponding period of the previous year.
Electricity generation increased by 15.5 percent in June 2022 over June 2021. Its cumulative index increased by 16.8 percent during April to June, 2022-23 over the corresponding period of the previous year.
The Index of Core Industries 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, news agency ANI reported.
The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
Image courtesy: Business Standard
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