Core sector industrial production grows 0.1% in January
03 Mar 2021
Core sector industrial production in the country increased by 0.1 per cent year-on-year in January 2021 against a 1.3 per cent decline in December 2020, provisional figured released by the commerce ministry showed.
The eight core sector industries that have a combined weight of 40.27 per cent in the general Index of Industrial Production (IIP) registered a cumulative growth of (-) 8.8 per cent during April-January 2020-21.
Coal production, which has a weight of 10.33 per cent in the Index Of Industrial Production, declined by 1.8 per cent in January 2021 while cumulative coal production declined by 1.9 per cent year-on-year during April-January 2020-21.
Crude oil production (weight of 8.98 per cent in IIP) declined by 4.6 per cent in January 2021 while cumulative production of crude oil declined by 5.6 per cent during April-January 2020-21.
Production of natural gas production (weight of 6.88 per cent in IIP) declined by 2.0 per cent in January 2021 while cumulative production of natural gas declined by 10.7 per cent during April-January 2020-21.
Petroleum refinery production (weight of 28.04 per cent in IIP) declined by 2.6 per cent in January, 2021 while cumulative refinery throughput declined by 12.4 per cent during April-January 2020-21.
Fertiliser production (weight of 2.63 per cent in IIP) increased by 2.7 per cent in January 2021 while cumulative production of fertilisers increased by 3.0 per cent during April-January 2020-21.
Steel production (weight of 17.92 per cent in IIP) increased by 2.6 per cent in January 2021 while cumulative steel production declined by 14.0 per cent during April-January 2020-21.
Cement production (weight of 5.37 per cent in IIP) declined by 5.9 per cent in January 2021, while cumulative cement production declined by 16.6 per cent during April-January 2020-21.
Electricity generation (weight of 19.85 per cent in IIP) increased by 5.1 per cent in January 2021 while cumulative generation of electricity declined by 2.7 per cent during April-January 2020-21.
Based on revised figure, the final growth rate of the index of eight core sector industries for October 2020 has now been revised to (-) 0.5 per cent from its provisional level of (-2.5 per cent).