Index of Eight Core Industries (Base: 2004-05=100), November, 2014

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 166.2 in November, 2014, which was 6.7 % higher compared to the index of November, 2013. Its cumulative growth during April to November, 2014-15 was 4.6 %.

Coal

Coal production (weight: 4.38 %) increased by 14.5 % in November, 2014 over November, 2013. Its cumulative index during April to November, 2014-15 increased by 9.4 % over corresponding period of previous year.

Crude Oil

Crude Oil production (weight: 5.22 %) declined by 0.1 % in November, 2014 over November, 2013. The cumulative index of Crude Oil during April to November, 2014-15 declined by 0.8 % over the corresponding period of previous year.

Natural Gas

The Natural Gas production (weight: 1.71 %) declined by 2.9 % in November, 2014 over November, 2013. Its cumulative index during April to November, 2014-15 declined by 5.3 % over the corresponding period of previous year.

Refinery Products (0.93% of Crude Throughput)

Petroleum refinery production (weight: 5.94%) increased by 8.1 % in November, 2014 over November, 2013. Its cumulative index during April to November, 2014-15 declined by 0.5 % over the corresponding period of previous year.

Fertilizers

Fertilizer production (weight: 1.25%) declined by 2.8 % in November, 2014 over November, 2013. Its cumulative index during April to November, 2014-15 declined by 1.3 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)

Steel production (weight: 6.68%) increased by 1.3 % in November, 2014 over November, 2013. Its cumulative index during April to November, 2014-15 also increased by 2.2 % over the corresponding period of previous year.

Cement

Cement production (weight: 2.41%) increased by 11.3 % in November, 2014 over November, 2013. Its cumulative growth during April to November, 2014-15 was 8.5 % over the corresponding period of previous year.

Electricity

Electricity generation (weight: 10.32%) increased by 10.2 % in November, 2014 over the period of November, 2013 and it registered a cumulative growth of 10.4 % during April to November, 2014-15 over the corresponding period of previous year.

Note 1: Data are provisional. Revision has been made based on revised data obtained for corresponding month of previous year in respect of Coal, Crude Oil, Natural Gas, Refinery Product, Steel and Electricity. Accordingly, indices for the month November, 2013 have been revised.

Note 2: Release of the index for December, 2014 will be on Monday, 02 February, 2015.

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2004-05=100

(Weight in IIP: 37.90 %) 

INDEX

Sector	Weight	2009-10	2010-11	2011-12	2012-13	2013-14	Apr-Nov 13-14	Apr-Nov 14-15
Coal	4.379	140.0	139.7	141.5	148.1	149.4	133.8	146.3
Crude Oil	5.216	99.1	111.0	112.1	111.4	111.2	111.1	110.2
Natural Gas	1.708	149.5	164.4	149.7	128.1	111.5	111.9	106.0
Refinery Products	5.939	125.9	129.7	133.7	172.5	175.1	174.4	173.5
Fertilizers	1.254	103.4	103.4	103.8	100.2	101.8	102.1	100.8
Steel	6.684	139.3	157.7	174.0	181.1	197.4	195.2	199.5
Cement	2.406	157.1	164.2	175.2	188.7	194.3	185.8	201.6
Electricity	10.316	130.8	138.1	149.3	155.3	164.3	163.2	180.3
Overall Index	37.903	129.9	138.4	145.3	154.7	160.3	157.1	164.4

GROWTH RATE (in %)

Sector	Weight	2009-10	2010-11	2011-12	2012-13	2013-14	Apr-Nov 13-14	Apr-Nov 14-15
Coal	4.379	8.1	-0.2	1.3	4.6	0.9	1.6	9.4
Crude Oil	5.216	0.5	11.9	1.0	-0.6	-0.2	-0.9	-0.8
Natural Gas	1.708	44.6	10.0	-8.9	-14.5	-13.0	-15.5	-5.3
Refinery Products	5.939	-0.4	3.0	3.1	29.0#	1.5	2.4	-0.5
Fertilizers	1.254	12.7	0.0	0.4	-3.4	1.5	2.5	-1.3
Steel	6.684	6.0	13.2	10.3	4.1	9.0	11.7	2.2
Cement	2.406	10.5	4.5	6.7	7.7	3.0	4.0	8.5
Electricity	10.316	6.2	5.6	8.1	4.0	5.8	5.3	10.4
Overall Index	37.903	6.6	6.6	5.0	6.5	3.6	4.1	4.6

 ^#Refinery Products’ yearly growth rates of 2012-13 are 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

(Weight in IIP: 37.90 %)

INDEX
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
Nov-13	152.0	111.1	109.4	167.7	107.4	193.3	171.4	158.5	155.7
Dec-13	170.1	115.0	113.4	175.9	110.2	199.0	203.3	168.1	165.6
Jan-14	178.7	115.1	116.1	176.9	104.2	201.2	215.0	169.8	168.2
Feb-14	165.1	103.5	104.2	169.6	97.9	192.5	200.2	155.1	156.7
Mar-14	208.3	112.1	108.8	183.8	92.1	214.2	226.2	172.9	175.4
Apr-14	140.5	109.6	104.7	165.8	87.4	192.8	217.5	176.9	160.9
May-14	145.2	111.6	111.2	171.6	100.5	214.3	216.4	183.2	168.7
Jun-14	139.2	110.4	109.4	173.3	99.5	196.1	209.7	181.5	163.9
Jul-14	134.9	111.1	103.5	170.8	102.5	200.4	206.9	182.8	163.9
Aug-14	138.6	106.8	103.1	175.1	105.7	209.3	187.7	183.6	165.1
Sep-14	140.1	107.5	102.6	169.7	101.1	197.4	198.0	175.3	160.6
Oct-14	158.2	113.6	107.2	180.5	105.1	189.8	185.9	184.1	165.9
Nov-14	174.0	111.0	106.2	181.3	104.4	195.8	190.8	174.6	166.2

 

GROWTH RATE (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
Nov-13	3.3	1.2	-11.2	-5.2	0.6	10.1	3.9	6.3	3.2
Dec-13	-0.6	1.6	-9.9	-1.7	4.1	3.1	1.1	6.7	2.1
Jan-14	-0.7	3.0	-5.2	-4.5	1.2	3.4	1.5	5.7	1.6
Feb-14	0.1	1.9	-4.4	3.2	-0.7	4.8	2.3	10.4	4.5
Mar-14	0.7	-1.6	-9.3	2.8	-6.1	5.4	0.0	5.4	2.5
Apr-14	3.3	-0.1	-7.7	-2.2	11.1	3.1	6.7	11.2	4.2
May-14	5.5	-0.3	-2.2	-2.3	17.6	-2.0	8.7	6.3	2.3
Jun-14	8.1	0.1	-1.7	1.2	-1.0	4.2	13.6	15.7	7.3
Jul-14	6.2	-1.0	-9.0	-5.5	-4.2	-3.4	16.5	11.2	2.7
Aug-14	13.4	-4.9	-8.3	-4.3	-4.3	9.1	10.3	12.6	5.8
Sep-14	7.2	-1.1	-6.2	-2.5	-11.6	4.0	3.2	3.8	1.9
Oct-14	16.2	1.0	-4.2	4.2	-7.0	2.3	-1.0	13.2	6.3
Nov-14	14.5	-0.1	-2.9	8.1	-2.8	1.3	11.3	10.2	6.7