The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 133.2 in December 2019, which increased by 1.3% as compared to the index of December 2018. Its cumulative growth from April to December 2019-20 was 0.2%.
According to the Ministry of Commerce & Industry, Coal production increased by 6.1% in December 2019 over December 2018. Its cumulative index declined by 3.8% during April to December 2019-20 over the corresponding period of the previous year.
Crude Oil production declined by 7.4% in December 2019 over December 2018. Its cumulative index declined by 6% during April to December 2019-20 over the corresponding period of the previous year. The Natural Gas production fell 9.2% in December 2019 over December 2018. Its cumulative index declined by 3.8% from April to December 2019-20 over the corresponding period of the previous year. Petroleum Refinery production rose by 3% in December 2019 over December 2018. Its cumulative index declined by 0.6% from April to December 2019-20 over the corresponding period of the previous year.
Steel production increased by 1.9% in December 2019 over December 2018. Its cumulative index increased by 5.2% from April to December 2019-20 over the corresponding period of the previous year. Fertilizers production increased by 10.2% in December 2019 over December 2018. Its cumulative index increased by 4.7% from April to December 2019-20 over the corresponding period of the previous year. Cement production climbed by 5.5% in December 2019 over December 2018. Its cumulative index increased by 0.7% during April to December 2019-20 over the corresponding period of the previous year.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
