Index of Eight Core Industries (Base: 2011-12=100) for January, 2020

The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure.

The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 137.5 in January, 2020, which increased by 2.2 per cent as compared to the index of January,2019. Its cumulative growth during April, 2019 to January, 2020 was 0.6 per cent.

Coal

Coal production (weight: 10.33 per cent) increased by 8.0 per cent in January, 2020 over January,2019. Its cumulative index declined by 2.4 per cent during April to January, 2019-20 over corresponding period of the previous year.

Crude Oil

Crude Oil production (weight: 8.98 per cent) declined by 5.3 per cent in January, 2020 over January, 2019. Its cumulative index declined by 6.0 per cent during April to January, 2019-20 over the corresponding period of previous year.

Natural Gas

The Natural Gas production (weight: 6.88 per cent) declined by 9.1 per cent in January, 2020 over January,2019. Its cumulative index declined by 4.3 per cent during April to January, 2019-20 over the corresponding period of previous year.

Refinery Products

Petroleum Refinery production (weight: 28.04 per cent)i n creased by 1.9 per cent in January, 2020 over January,2019. Its cumulative index declined by 0.4 per cent during April to January, 2019-20 over the corresponding period of previous year.

Fertilizers

Fertilizers production (weight: 2.63 per cent) declined by 0.1 per cent in January, 2020 over January,2019. Its cumulative index increased by 4.2 per cent during April to January, 2019-20 over the corresponding period of previous year.

Steel

Steel production (weight: 17.92 per cent) increased by 2.2 per cent in January, 2020 over January,2019. Its cumulative index increased by 5.3per cent during April to January, 2019-20 over the corresponding period of previous year.

Cement

Cement production (weight: 5.37 per cent) increased by 5.0 per cent in January, 2020 over January,2019. Its cumulative index increased by 1.1 per cent during April to January, 2019-20 over the corresponding period of previous year.

Electricity

Electricity generation (weight: 19.85 per cent) increased by 2.8 per cent in January, 2020 over January,2019. Its cumulative index increased by 0.9 per cent during April to January, 2019-20 over the corresponding period of previous year.

Note 1: Data for November, 2019, December, 2019 and January, 2020are provisional.

Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.

Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.

Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.

Note 5: Release of the index for February, 2020 will be on Tuesday, 31^st March, 2020. 

 

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2011-12=100

 

Index

Sector	Weight	2013-14	2014-15	2015-16	2016-17	2017-18	2018-19	Apr-Jan 2018-19	Apr-Jan 2019-20
Coal	10.3335	104.2	112.6	118.0	121.8	124.9	134.1	125.4	122.4
Crude Oil	8.9833	99.2	98.4	97.0	94.5	93.7	89.8	90.7	85.3
Natural Gas	6.8768	74.5	70.5	67.2	66.5	68.4	69.0	69.3	66.3
Refinery Products	28.0376	108.6	108.8	114.1	119.7	125.2	129.1	129.3	128.9
Fertilizers	2.6276	98.1	99.4	106.4	106.6	106.6	107.0	106.7	111.2
Steel	17.9166	115.8	121.7	120.2	133.1	140.5	147.7	145.3	152.9
Cement	5.3720	111.5	118.1	123.5	122.0	129.7	147.0	144.2	145.8
Electricity	19.8530	110.3	126.6	133.8	141.6	149.2	156.9	158.5	159.9
Overall Index	100.0000	106.5	111.7	115.1	120.5	125.7	131.2	130.2	130.9

 

Growth Rates(in per cent)

Sector	Weight	2013- 14	2014- 15	2015- 16	2016- 17	2017- 18	2018- 19	Apr-Jan 2018-19	Apr-Jan 2019-20
Coal	10.3335	1.0	8.0	4.8	3.2	2.6	7.4	7.1	-2.4
Crude Oil	8.9833	-0.2	-0.9	-1.4	-2.5	-0.9	-4.1	-3.8	-6.0
Natural Gas	6.8768	-12.9	-5.3	-4.7	-1.0	2.9	0.8	0.5	-4.3
Refinery Products	28.0376	1.4	0.2	4.9	4.9	4.6	3.1	3.4	-0.4
Fertilizers	2.6276	1.5	1.3	7.0	0.2	0.03	0.3	-0.3	4.2
Steel	17.9166	7.3	5.1	-1.3	10.7	5.6	5.1	4.4	5.3
Cement	5.3720	3.7	5.9	4.6	-1.2	6.3	13.3	13.6	1.1
Electricity	19.8530	6.1	14.8	5.7	5.8	5.3	5.2	5.8	0.9
Overall Growth	100.0000	2.6	4.9	3.0	4.8	4.3	4.4	4.4	0.6

 

Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2011-12=100

Index

 

Sector	Coal	Crude Oil	Natural Gas	Refinery Products	Fertilizers	Steel	Cement	Electricity	Overall Index
Weight	10.3335	8.9833	6.8768	28.0376	2.6276	17.9166	5.3720	19.8530	100.0000
Jan-19	152.5	89.7	71.8	131.9	116.6	153.0	156.1	150.7	134.5
Feb-19	153.8	80.8	64.4	120.0	104.8	148.6	149.1	137.7	125.9
Mar-19	201.7	89.9	70.7	135.9	111.5	170.7	173.2	160.1	146.5
Apr-19	122.6	85.6	66.6	124.3	89.0	156.4	152.5	162.8	130.7
May-19	127.3	88.2	68.7	129.6	105.5	161.8	149.3	176.8	137.0
Jun-19	123.5	84.7	66.0	121.4	110.0	159.3	147.9	173.6	132.8
Jul-19	106.4	87.2	68.1	132.9	111.7	151.7	146.5	170.5	132.6
Aug-19	94.8	86.6	67.4	131.0	112.6	150.0	127.7	165.7	128.5
Sep-19	87.3	83.4	64.3	117.5	113.9	141.2	131.3	158.7	120.7
Oct-19	109.6	86.3	66.3	134.2	115.5	149.5	137.0	145.8	127.4
Nov-19	135.0	82.4	64.4	133.0	116.7	144.6	142.4	139.9	127.5
Dec-19	152.8	83.5	65.6	130.5	120.5	158.5	159.2	150.2	134.3
Jan-20	164.8	85.0	65.3	134.4	116.5	156.3	164.0	154.9	137.5

 

Growth Rates (in per cent)

Sector	Coal	Crude Oil	Natural Gas	Refinery Products	Fertilizers	Steel	Cement	Electricity	Overall Growth
Weight	10.3335	8.9833	6.8768	28.0376	2.6276	17.9166	5.3720	19.8530	100.0000
Jan-19	2.0	-4.3	6.2	-2.6	10.5	5.5	11.0	0.8	1.5
Feb-19	7.4	-6.1	3.8	-0.8	2.5	4.9	8.0	1.2	2.2
Mar-19	9.1	-6.2	1.4	4.3	4.3	11.5	15.7	2.1	5.8
Apr-19	3.2	-6.7	-0.8	4.3	-4.4	13.3	2.3	5.9	5.2
May-19	1.7	-6.9	-0.1	-1.5	-1.0	13.3	2.8	7.4	3.8
Jun-19	2.9	-6.8	-2.1	-9.3	1.5	10.8	-1.9	8.6	1.2
Jul-19	-1.6	-4.4	-0.5	-0.9	1.5	8.1	7.7	5.2	2.6
Aug-19	-8.6	-5.4	-3.9	2.6	2.9	3.8	-5.1	-0.9	-0.2
Sep-19	-20.5	-5.4	-4.9	-6.6	5.4	-1.4	-2.0	-2.6	-5.1
Oct-19	-17.6	-5.1	-5.6	0.4	11.8	-0.5	-7.7	-12.2	-5.5
Nov-19	-2.5	-6.0	-6.4	3.1	13.6	-0.1	4.3	-4.9	-0.6
Dec-19	6.1	-7.4	-9.2	3.0	10.2	4.3	5.5	-0.1	2.1
Jan-20	8.0	-5.3	-9.1	1.9	-0.1	2.2	5.0	2.8	2.2

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