The combined Index of Eight Core Industries contracted by 4.6% in February 2021 as compared to the same month a year ago. The index stood at 127.8.
Cumulatively, the index stands at (-)8.3% during April - February 2021.
The summary of the Index of Eight Core Industries is given below:
Coal (weight: 10.33%): Coal production declined by 4.4% in February 2021 over February,2020. Its cumulative index declined by 2.2% from April to February, 2020-21over the corresponding period of the previous year.
Crude Oil (weight: 8.98%): Crude Oil production declined by 3.2% in February 2021 over February 2020. Its cumulative index declined by 5.4% from April to February, 2020-21over the corresponding period of the previous year.
Natural Gas (weight:6.88%): Natural Gas production declined by 1.0% in February 2021 over February 2020. Its cumulative index declined by 9.9% from April to February 2020-21 over the corresponding period of the previous year.
Petroleum Refinery Products (weight:28.04%): Petroleum Refinery production declined by 10.9% in February 2021 over February 2020. Its cumulative index declined by 12.2% from April to February, 2020-21over the corresponding period of the previous year.
Fertilizers (weight:2.63%): Fertilizers production declined by 3.7% in February 2021 over February 2020. Its cumulative index increased by 2.4% from April to February,2020-21 over the corresponding period of the previous year.
Steel (weight:17.92%): Steel production declined by 1.8% in February 2021 over February 2020. Its cumulative index declined by 12.4% from April to February 2020-21 over the corresponding period of the previous year.
Cement (weight:5.37%): Cement production declined by 5.5% in February 2021 over February 2020. Its cumulative index declined by 15.5% from April to February, 2020-21over the corresponding period of the previous year.
Electricity (weight:19.85%): Electricity generation declined by 0.2% in February 2021 over February 2020. Its cumulative index declined by 2.5% from April to February, 2020-21over the corresponding period of the previous year.
The Ministry of Commerce & Industry said that the final Final growth rate of the Index of Eight Core Industries for November 2020 is revised to (-) 1.1%from its provisional level (-2.6%).
Notably, the Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP)
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