Index of Eight Core Industries for October, 2021 : ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil
Ministry of Commerce & Industry
Index of Eight Core Industries (Base: 2011-12=100) for October, 2021
Posted On: 30 NOV 2021 5:00PM by PIB Delhi
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 October, 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 & II respectively.
The combined Index of Eight Core Industries stood at 136.2 in October 2021, which increased by 7.5 per cent (provisional) as compared to the Index of October 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity industries increased in October 2021 over the corresponding period of last year.
Final growth rate of Index of Eight Core Industries for July 2021 is revised to 9.9%from its provisional level 9.4%. The growth rate of ICI during April-October2021-22 was 15.1% (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 14.6 per cent in October,2021 overOctober,2020. Its cumulative index increased by 12.2 per cent during April to October,2021-22 over corresponding period of the previous year.
Crude Oil–Crude Oil production (weight: 8.98 per cent) declined by 2.2 per cent in October, 2021 over October,2020. Its cumulative index declined by 2.8 per cent during April to October, 2021-22over the corresponding period of previous year.
Natural Gas – Natural Gas production (weight: 6.88 per cent) increased by 25.8 per cent in October, 2021over October, 2020. Its cumulative index increased by 22.6 per cent during April to October, 2021-22 over the corresponding period of previous year.
Petroleum Refinery Products–Petroleum Refinery production (weight: 28.04 per cent) increased by 14.4 per cent in October, 2021 over October, 2020. Its cumulative index increased by 11.7 per cent during April to October, 2021-22over the corresponding period of previous year.
Fertilizers – Fertilizers production (weight: 2.63 per cent) increased by0.04 per cent in October, 2021 over October, 2020. Its cumulative index decreased by 1.1 per cent during April to October, 2021-22 over the corresponding period of previous year.
Steel –Steel production (weight: 17.92 per cent)increased by 0.9 per cent in October, 2021 over October, 2020. Its cumulative index increased by 28.6 per cent during April to October, 2021-22 over the corresponding period of previous year.
Cement –Cement production (weight: 5.37 per cent) increased by 14.5 per cent in October, 2021 over October, 2020. Its cumulative index increased by 33.6 per cent during April to October, 2021-22 over the corresponding period of previous year.
Electricity –Electricity generation (weight: 19.85 per cent) increased by 2.8per cent in October, 2021 over October,2020. Its cumulative index increased by 11.3 per cent during April to October, 2021-22 over the corresponding period of previous year.
Note 1: Data for August, 2021, September, 2021 and October, 2021 are 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 November,2021 will be on Friday31st December, 2021.
Annex I
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2011-12=100
Index
|
Sector |
Weight |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
Apr- Oct 2020-21 |
Apr- Oct 2021-22* |
|
Coal |
10.3335 |
103.2 |
104.2 |
112.6 |
118.0 |
121.8 |
124.9 |
134.1 |
133.6 |
131.1 |
106.3 |
119.2 |
|
Crude Oil |
8.9833 |
99.4 |
99.2 |
98.4 |
97.0 |
94.5 |
93.7 |
89.8 |
84.5 |
80.1 |
80.7 |
78.5 |
|
Natural Gas |
6.8768 |
85.6 |
74.5 |
70.5 |
67.2 |
66.5 |
68.4 |
69.0 |
65.1 |
59.8 |
58.4 |
71.6 |
|
Refinery Products |
28.0376 |
107.2 |
108.6 |
108.8 |
114.1 |
119.7 |
125.2 |
129.1 |
129.4 |
114.9 |
106.4 |
118.9 |
|
Fertilizers |
2.6276 |
96.7 |
98.1 |
99.4 |
106.4 |
106.6 |
106.6 |
107.0 |
109.8 |
111.6 |
112.8 |
111.6 |
|
Steel |
17.9166 |
107.9 |
115.8 |
121.7 |
120.2 |
133.1 |
140.5 |
147.7 |
152.6 |
139.4 |
120.9 |
155.5 |
|
Cement |
5.3720 |
107.5 |
111.5 |
118.1 |
123.5 |
122.0 |
129.7 |
147.0 |
145.7 |
130.0 |
111.7 |
149.2 |
|
Electricity |
19.8530 |
104.0 |
110.3 |
126.6 |
133.8 |
141.6 |
149.2 |
156.9 |
158.4 |
157.6 |
155.7 |
173.3 |
|
Overall Index |
100.00 |
103.8 |
106.5 |
111.7 |
115.1 |
120.5 |
125.7 |
131.2 |
131.6 |
123.2 |
113.6 |
130.8 |
*Provisional
Growth Rates (on Y-o-Y basis in per cent)
|
Sector |
Weight |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
Apr-Oct 2020-21 |
Apr- Oct 2021-22* |
|
Coal |
10.3335 |
3.2 |
1.0 |
8.0 |
4.8 |
3.2 |
2.6 |
7.4 |
-0.4 |
-1.9 |
-3.6 |
12.2 |
|
Crude Oil |
8.9833 |
-0.6 |
-0.2 |
-0.9 |
-1.4 |
-2.5 |
-0.9 |
-4.1 |
-5.9 |
-5.2 |
-6.1 |
-2.8 |
|
Natural Gas |
6.8768 |
-14.4 |
-12.9 |
-5.3 |
-4.7 |
-1.0 |
2.9 |
0.8 |
-5.6 |
-8.2 |
-12.5 |
22.6 |
|
Refinery Products |
28.0376 |
7.2 |
1.4 |
0.2 |
4.9 |
4.9 |
4.6 |
3.1 |
0.2 |
-11.2 |
-16.4 |
11.7 |
|
Fertilizers |
2.6276 |
-3.3 |
1.5 |
1.3 |
7.0 |
0.2 |
0.03 |
0.3 |
2.7 |
1.7 |
4.1 |
-1.1 |
|
Steel |
17.9166 |
7.9 |
7.3 |
5.1 |
-1.3 |
10.7 |
5.6 |
5.1 |
3.4 |
-8.7 |
-20.9 |
28.6 |
|
Cement |
5.3720 |
7.5 |
3.7 |
5.9 |
4.6 |
-1.2 |
6.3 |
13.3 |
-0.9 |
-10.8 |
-21.2 |
33.6 |
|
Electricity |
19.8530 |
4.0 |
6.1 |
14.8 |
5.7 |
5.8 |
5.3 |
5.2 |
0.9 |
-0.5 |
-5.5 |
11.3 |
|
Overall Growth |
100.00 |
3.8 |
2.6 |
4.9 |
3.0 |
4.8 |
4.3 |
4.4 |
0.4 |
-6.4 |
-12.6 |
15.1 |
*Provisional, YoY is calculated over the corresponding financial year of previous year
Annex II
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 |
100.00 |
|
Oct-20 |
122.4 |
80.9 |
60.6 |
111.5 |
122.8 |
158.4 |
141.3 |
162.2 |
126.7 |
|
Nov-20 |
137.9 |
78.3 |
58.4 |
126.5 |
118.5 |
156.0 |
132.1 |
144.8 |
127.7 |
|
Dec-20 |
156.2 |
80.5 |
60.8 |
126.9 |
117.0 |
170.9 |
147.8 |
157.9 |
136.1 |
|
Jan-21 |
161.6 |
81.1 |
64.0 |
130.9 |
117.5 |
168.1 |
154.6 |
164.2 |
139.2 |
|
Feb-21 |
163.6 |
73.2 |
57.7 |
114.8 |
103.9 |
156.3 |
160.9 |
153.9 |
129.6 |
|
Mar-21 |
210.3 |
82.4 |
67.5 |
134.4 |
93.4 |
175.2 |
182.5 |
180.0 |
150.8 |
|
Apr-21 |
113.5 |
78.5 |
66.7 |
123.4 |
88.3 |
160.0 |
159.0 |
174.0 |
132.0 |
|
May-21 |
117.1 |
76.8 |
68.7 |
117.7 |
102.5 |
149.4 |
131.1 |
161.9 |
125.4 |
|
Jun-21 |
112.1 |
78.2 |
70.0 |
113.2 |
116.9 |
153.1 |
148.2 |
169.1 |
127.2 |
|
Jul-21 |
119.2 |
80.3 |
72.8 |
122.2 |
120.1 |
155.2 |
154.3 |
184.7 |
134.7 |
|
Aug-21* |
118.4 |
79.4 |
73.7 |
115.5 |
117.0 |
156.6 |
148.8 |
188.7 |
133.4 |
|
Sep-21* |
114.0 |
77.0 |
73.3 |
112.7 |
113.6 |
154.1 |
141.1 |
167.9 |
126.9 |
|
Oct-21* |
140.4 |
79.2 |
76.3 |
127.5 |
122.9 |
159.8 |
161.9 |
166.6 |
136.2 |
*Provisional
Growth Rates (on Y-o-Y basis 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 |
100.00 |
|
Oct-20 |
11.7 |
-6.2 |
-8.6 |
-17.0 |
6.3 |
5.9 |
3.2 |
11.2 |
-0.5 |
|
Nov-20 |
3.3 |
-4.9 |
-9.3 |
-4.8 |
1.6 |
0.7 |
-7.3 |
3.5 |
-1.1 |
|
Dec-20 |
2.2 |
-3.6 |
-7.2 |
-2.8 |
-2.9 |
3.5 |
-7.2 |
5.1 |
0.4 |
|
Jan-21 |
-1.9 |
-4.6 |
-2.1 |
-2.6 |
0.8 |
8.2 |
-5.8 |
5.5 |
1.3 |
|
Feb-21 |
-4.4 |
-3.2 |
-1.0 |
-10.9 |
-3.7 |
2.2 |
0.2 |
0.2 |
-3.3 |
|
Mar-21 |
0.3 |
-3.1 |
12.3 |
-0.7 |
-5.0 |
31.5 |
40.6 |
22.5 |
12.6 |
|
Apr-21 |
9.5 |
-2.1 |
25.0 |
30.9 |
3.9 |
494.8 |
606.6 |
38.5 |
62.6 |
|
May-21 |
7.0 |
-6.3 |
20.1 |
15.3 |
-9.6 |
55.1 |
11.7 |
7.5 |
16.4 |
|
Jun-21 |
7.4 |
-1.8 |
20.6 |
2.4 |
2.0 |
25.2 |
7.5 |
8.2 |
9.4 |
|
Jul-21 |
18.8 |
-3.2 |
19.0 |
6.7 |
0.6 |
9.4 |
21.7 |
11.0 |
9.9 |
|
Aug-21* |
20.6 |
-2.3 |
20.7 |
9.1 |
-3.1 |
3.9 |
36.3 |
16.0 |
11.5 |
|
Sep-21* |
8.0 |
-1.7 |
27.5 |
6.0 |
0.04 |
2.8 |
11.3 |
0.9 |
4.5 |
|
Oct-21* |
14.6 |
-2.2 |
25.8 |
14.4 |
0.04 |
0.9 |
14.5 |
2.8 |
7.5 |
*Provisional, YoY is calculated over the corresponding month of previous year