NEW DELHI, Jul 1 (NNN-PTI) – India’s Index of eight core Industries increased by 16.8 percent year on year in May, the country’s federal ministry of commerce and industry said, yesterday.
“The combined index of eight core industries stood at 125.8 in May, 2021, which increased by 16.8 percent (provisional) as compared to the index of May, 2020.
The production of coal, natural gas, refinery products, steel, cement and electricity industries, increased in May, 2021, over the corresponding period of last year,” a statement issued by the ministry said.
The data showed, production declined in the crude oil and fertilisers sectors by 6.3 percent and 9.6 percent, respectively.
The production of steel, natural gas and petroleum refinery products, increased by 59.3 percent, 20.1 percent, and 15.3 percent respectively, the data showed.
According to the ministry, the eight core industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).– NNN-PTI
