India’s core sector output barely grows at 0.2% in June
31 Jul 2019
Core sector industrial production in the country barely grew at 0.2 per cent in June 2019 against a 5.1 per cent growth recorded in May and a 4.7 per cent growth in April this year.
Expansion of key sectors were slackened by a decline in the production of crude oil, natural gas and petroleum refinery output
Output in the eight core sector industries comprising coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity, which carry nearly 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP), grew 3.5 per cent in the first three months of the current fiscal (April-June 2019-20).
Production of coal, which has a weight of 10.33 per cent in the general index of industrial production (IIP) increased by 3.2 per cent in June 2019 while cumulative production of coal during April-June 2019-20 increased by 2.7 per cent.
Production of crude oil (weight of 8.98 per cent in IIP) declined by 6.8 per cent in June 2019 while cumulative production of crude oil declined by 6.8 per cent during April-June 2019-20.
Production of natural gas (weight of 6.88 per cent in IIP) declined by 2.1 per cent in June 2019 while its cumulative production declined by 0.9 per cent during April-June 2019-20.
Petroleum refinery production (weight of 28.04 per cent in IIP) declined by 9.3 per cent in June 2019 while cumulative refinery production declined by 2.4 per cent during April-June 2019-20.
Fertilizer production (weight of 2.63 per cent in IIP) increased by 1.5 per cent in June 2019 while cumulative production of fertilisers declined by 1.1 per cent during April-June 2019-20.
Steel production (weight of 17.92 per cent in IIP) increased by 6.9 per cent in June 2019 while cumulative steel production increased by 13.7 per cent during April-June 2019-20.
Cement production (weight of 5.37 per cent in IIP) declined by 1.5 per cent in June 2019 while cumulative production of cement increased by 1.2 per cent during April-June 2019-20.
Electricity generation (weight of 19.85 per cent in IIP) increased by 7.3 per cent in June 2019 while cumulative generation of electricity during April-June 2019-20 increased by 6.9 per cent.