Business Standard

Monday, December 23, 2024 | 01:47 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

India's August core industries output jumps 2.6%

The growth was helped by a rise in production of fertilisers, refinery products, crude oil and electricity

Coal

Coal is stockpiled at the Blair Athol mine at the remote Bowen Basin coalfield near Moranbah

IANS New Delhi

India's core industries' output grew by 2.6% last month from an increase of 1.1% in July, due to a rise in production of fertilisers, refinery products, crude oil and electricity.

The select factory output index rose by 5.9% in August 2014.

The data on the select factory output was furnished by the commerce and industry ministry for the eight core industries (ECI), which comprises 38% of the total weightage of items included in the Index of Industrial Production (IIP).

The index's cumulative growth from April to August 2015-16 stood at 2.2%, as compared to 5.6% during April-August 2014-15.

Electricity generation, commanding the highest weightage at 10.32%, rose robustly by 5.6% during the month under review, whereas steel production, the second most important component as per weightage, contracted 5.9% in August.

 

Distilling of refinery products, the third most important component as per weightage, was higher by 5.8% last month.

The crude oil extraction, which has a 5.21% weightage in ECI, was higher by 5.6% during the month under review in comparison to the data for August 2014.

Coal mining, that has a 4.38% weightage, marginally increased by 0.4%.

Cement manufacturing, having a weightage of 2.41%, was up by 5.4% during the last month.

The sub-index for natural gas output, having a weightage of 1.71%, grew by 3.7% in the month under consideration.

The fertilisers manufacturing which has a weightage of only 1.25% rose exponentially by 12.6%.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2015 | 6:34 PM IST

Explore News