India’s core sector output growth increases to 4.8% in October
03 Dec 2018
Core sector industrial production in the country grew 4.8 per cent in October 2018 compared to the 4.3 per cent growth recorded in September.
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 5.4 per cent in April-October 2018-19, official data showed.
Expansion of the key sector was slackened by a decline in crude oil and natural gas production and sluggish performance of industries in coal, steel, refinery products and natural gas production.
Production of coal, which has a weight of 10.33 per cent in the index of industrial production, (IIP) increased by 10.6 per cent year-on-year in October 2018 while cumulative production of coal increased by 9.8 per cent during April-October 2018-19.
Production of crude oil (weight of 8.98 per cent in IIP) declined by 5.0 per cent in October 2018 while its cumulative production declined by 3.6 per cent during April-October 2018-19.
Production of natural gas production (weight: 6.88 per cent) declined by 0.9 per cent in October, 2018 over October, 2017. Its cumulative index declined by 0.8 per cent during April to October, 2018-19 over the corresponding period of previous year.
Petroleum refinery production (weight of 28.04 per cent in IIP) increased by 1.3 per cent in October 2018 while its cumulative production increased by 5.8 per cent during April-October 2018-19.
Production of chemical fertilizers (weight of 2.63 per cent in IIP) declined by 11.5 per cent in October 2018 while cumulative production of fertilisers declined by 0.3 per cent during April-October 2018-19.
Production of steel (weight of 17.92 per cent in IIP) increased by 2.2 per cent in October 2018 while cumulative steel production increased by 3.3 per cent during April-October 2018-19.
Cement production (weight of 5.37 per cent in IIP) increased by 18.4 per cent in October 2018 while its cumulative production increased by 15.0 per cent during April-October 2018-19.
Electricity generation (weight of 19.85 per cent in IIP) increased by 11.4 per cent in October 2018 while cumulative generation of electricity increased by 6.9 per cent during April-October 2018-19.