Index of Eight Core Industries stood at 143.2 in April 2022, which is an increased of 8.4 per cent
Ministry of Commerce & Industry
INDEX OF EIGHT CORE INDUSTRIES FOR APRIL, 2022 UP BY 8.4 PERCENT
OVER LAST YEAR
प्रविष्टि तिथि: 31 MAY 2022 5:24PM by PIB Delhi
The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) has released Index of Eight Core Industries (ICI) for the Month of April, 2022. 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.
Final growth rate of Index of Eight Core Industries for January 2022 is revised to 4.0% from its provisional level 3.7%. The growth rate of ICI during April-March 2021-22 was 10.4% (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 28.8 per cent in April, 2022 over April, 2021. Its cumulative index increased by 8.5per cent during April to March, 2021-22 over corresponding period of the previous year.
Crude Oil–Crude Oil production (weight: 8.98 per cent) declined by 0.9 per cent in April, 2022 over April, 2021. Its cumulative index declined by 2.6 per cent during April to March, 2021-22over the corresponding period of previous year.
Natural Gas – Natural Gas production (weight: 6.88 per cent) increased by 6.4 per cent in April, 2022 over April, 2021. Its cumulative index increased by 19.2 per cent during April to March, 2021-22 over the corresponding period of previous year.
Petroleum Refinery Products–Petroleum Refinery production (weight: 28.04 per cent) increased by 9.2 per cent in April, 2022 over April, 2021. Its cumulative index increased by 8.9 per cent during April to March, 2021-22over the corresponding period of previous year.
Fertilizers –Fertilizers production (weight: 2.63 per cent) increased by8.7 per cent in April, 2022 over April, 2021. Its cumulative index increased by 0.7 per cent during April to March, 2021-22 over the corresponding period of previous year.
Steel –Steel production (weight: 17.92 per cent) declined by 0.7 per cent in April, 2022 over April, 2021. Its cumulative index increased by 17.1 per cent during April to March, 2021-22 over the corresponding period of previous year.
Cement –Cement production (weight: 5.37 per cent) increased by 8.0 per cent in April, 2022 over April, 2021. Its cumulative index increased by 20.8 per cent during April to March, 2021-22 over the corresponding period of previous year.
Electricity –Electricity generation (weight: 19.85 per cent) increased by 10.7per cent in April, 2022 over April, 2021. Its cumulative index increased by 8.0 per cent during April to March, 2021-22 over the corresponding period of previous year.
Note 1: Data for February, 2022, March, 2022 and April, 2022 are provisional. Index numbers of Core Industries are revised/finalized as per updated data from source agencies.
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 May,2022 will be on Thursday30th June, 2022.
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-Mar 2021-22* |
|
Coal |
10.3335 |
103.2 |
104.2 |
112.6 |
118.0 |
121.8 |
124.9 |
134.1 |
133.6 |
131.1 |
142.3 |
|
Crude Oil |
8.9833 |
99.4 |
99.2 |
98.4 |
97.0 |
94.5 |
93.7 |
89.8 |
84.5 |
80.1 |
77.9 |
|
Natural Gas |
6.8768 |
85.6 |
74.5 |
70.5 |
67.2 |
66.5 |
68.4 |
69.0 |
65.1 |
59.8 |
71.3 |
|
Refinery Products |
28.0376 |
107.2 |
108.6 |
108.8 |
114.1 |
119.7 |
125.2 |
129.1 |
129.4 |
114.9 |
125.1 |
|
Fertilizers |
2.6276 |
96.7 |
98.1 |
99.4 |
106.4 |
106.6 |
106.6 |
107.0 |
109.8 |
111.6 |
112.4 |
|
Steel |
17.9166 |
107.9 |
115.8 |
121.7 |
120.2 |
133.1 |
140.5 |
147.7 |
152.6 |
139.4 |
163.2 |
|
Cement |
5.3720 |
107.5 |
111.5 |
118.1 |
123.5 |
122.0 |
129.7 |
147.0 |
145.7 |
130.0 |
157.1 |
|
Electricity |
19.8530 |
104.0 |
110.3 |
126.6 |
133.8 |
141.6 |
149.2 |
156.9 |
158.4 |
157.6 |
170.1 |
|
Overall Index |
100.0000 |
103.8 |
106.5 |
111.7 |
115.1 |
120.5 |
125.7 |
131.2 |
131.6 |
123.2 |
136.1 |
*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-Mar 2021-22* |
|
Coal |
10.3335 |
3.2 |
1.0 |
8.0 |
4.8 |
3.2 |
2.6 |
7.4 |
-0.4 |
-1.9 |
8.5 |
|
Crude Oil |
8.9833 |
-0.6 |
-0.2 |
-0.9 |
-1.4 |
-2.5 |
-0.9 |
-4.1 |
-5.9 |
-5.2 |
-2.6 |
|
Natural Gas |
6.8768 |
-14.4 |
-12.9 |
-5.3 |
-4.7 |
-1.0 |
2.9 |
0.8 |
-5.6 |
-8.2 |
19.2 |
|
Refinery Products |
28.0376 |
7.2 |
1.4 |
0.2 |
4.9 |
4.9 |
4.6 |
3.1 |
0.2 |
-11.2 |
8.9 |
|
Fertilizers |
2.6276 |
-3.3 |
1.5 |
1.3 |
7.0 |
0.2 |
0.03 |
0.3 |
2.7 |
1.7 |
0.7 |
|
Steel |
17.9166 |
7.9 |
7.3 |
5.1 |
-1.3 |
10.7 |
5.6 |
5.1 |
3.4 |
-8.7 |
17.1 |
|
Cement |
5.3720 |
7.5 |
3.7 |
5.9 |
4.6 |
-1.2 |
6.3 |
13.3 |
-0.9 |
-10.8 |
20.8 |
|
Electricity |
19.8530 |
4.0 |
6.1 |
14.8 |
5.7 |
5.8 |
5.3 |
5.2 |
0.9 |
-0.5 |
8.0 |
|
Overall Growth |
100.0000 |
3.8 |
2.6 |
4.9 |
3.0 |
4.8 |
4.3 |
4.4 |
0.4 |
-6.4 |
10.4 |
*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 |
100.0000 |
|
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 |
161.1 |
148.8 |
188.7 |
134.2 |
|
Sep-21 |
113.8 |
77.0 |
73.3 |
112.7 |
113.6 |
160.5 |
141.1 |
167.9 |
128.0 |
|
Oct-21 |
140.4 |
79.2 |
76.3 |
127.5 |
122.9 |
167.6 |
161.9 |
167.3 |
137.8 |
|
Nov-21 |
149.2 |
76.6 |
72.2 |
131.9 |
121.4 |
157.4 |
127.3 |
147.9 |
131.8 |
|
Dec-21 |
164.3 |
79.1 |
72.7 |
134.4 |
121.1 |
169.9 |
168.8 |
162.5 |
141.7 |
|
Jan-22 |
174.8 |
79.1 |
71.4 |
135.8 |
115.2 |
174.5 |
176.4 |
165.6 |
144.8 |
|
Feb-22* |
174.7 |
71.6 |
64.9 |
124.9 |
102.4 |
165.5 |
169.0 |
160.8 |
137.3 |
|
Mar-22* |
210.0 |
79.6 |
72.6 |
142.5 |
107.7 |
183.9 |
198.8 |
191.0 |
158.2 |
|
Apr-22* |
146.2 |
77.8 |
70.9 |
134.7 |
96.0 |
158.9 |
171.7 |
192.5 |
143.2 |
*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 |
100.0000 |
|
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 |
6.9 |
36.3 |
16.0 |
12.2 |
|
Sep-21 |
7.8 |
-1.7 |
27.5 |
6.0 |
0.04 |
7.1 |
11.3 |
0.9 |
5.4 |
|
Oct-21 |
14.7 |
-2.2 |
25.8 |
14.4 |
0.04 |
5.9 |
14.6 |
3.2 |
8.7 |
|
Nov-21 |
8.2 |
-2.2 |
23.7 |
4.3 |
2.5 |
0.9 |
-3.6 |
2.1 |
3.2 |
|
Dec-21 |
5.2 |
-1.8 |
19.5 |
5.9 |
3.5 |
-0.6 |
14.2 |
2.9 |
4.1 |
|
Jan-22 |
8.2 |
-2.4 |
11.7 |
3.7 |
-2.0 |
3.8 |
14.1 |
0.9 |
4.0 |
|
Feb-22* |
6.8 |
-2.2 |
12.5 |
8.8 |
-1.4 |
5.9 |
5.0 |
4.5 |
6.0 |
|
Mar-22* |
-0.1 |
-3.4 |
7.6 |
6.1 |
15.3 |
5.0 |
9.0 |
6.1 |
4.9 |
|
Apr-22* |
28.8 |
-0.9 |
6.4 |
9.2 |
8.7 |
-0.7 |
8.0 |
10.7 |
8.4 |
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