NEW DELHI, Jul 31 (NNN-PTI) – India’s index of eight core industries increased by 8.9 percent in June, according to the data from India’s Ministry of Commerce and Industry, yesterday.
“The combined index of eight core industries stood at 126.6 in Jun, 2021, which increased by 8.9 percent (provisional) as compared to the Index of Jun, 2020. The production of coal, natural gas, refinery products, fertilisers, steel, cement and electricity industries, increased in Jun, 2021, over the corresponding period of last year,” a statement issued by the ministry said.
Core sector output rose by 16.3 percent in May, following a 60.9-percent rise in Apr.
The data showed production declined only in the crude oil sector, out of the eight core sector industries.
Among the core industries, coal production increased 7.4 percent year-on-year, while crude oil production saw a 1.8-percent per decline. Natural gas and petroleum refinery products increased 20.6 percent and 2.4 percent, respectively.
Fertiliser production increased two percent, while steel production increased significantly by 25 percent year on year. Cement and electricity production increased 4.3 percent and 7.2 percent year-on-year, respectively.
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
