India’s core sector output expands by 6.7% in February
01 Apr 2024
Core sector industrial production in India expanded by 6.7 per cent in February 2024, on the back of increased production of coal, natural gas, cement, steel, crude oil, electricity and petroleum refinery products, provisional figures released on Thursday showed.
The index of the eight core industries, with a combined weight of 40.27 per cent in the Index of Industrial Production (IIP), had grown by 3.6 per cent in January.
The eight core sector industries have recorded a cumulative growth of 7.7 per cent during the April-February 2023-24 period.
The final growth rate of the core sector index for November 2023 has been revised to 7.9 per cent on the basis of updated data.
Sector wise, production of cement, which has a weight of 5.37 per cent in the Index of Industrial Production (IIP) increased by 10.2 per cent in February 2024 while its cumulative production increased by 9.1 per cent during April-February 2023-24.
Coal (weight of 10.33 per cent in IIP) increased by 11.6 per cent in February 2024 while cumulative coal production increased by 12.1 per cent during April-February 2023-24.
Production of crude oil (weight of 8.98 per cent in IIP) increased by 7.9 per cent in February 2024 while its cumulative production increased by 0.5 per cent during April-February 2023-24.
Electricity generation (weight of 19.85 per cent in IIP) increased by 6.3 per cent in February 2024 while cumulative generation of electricity increased by 6.8 per cent during April-February 2023-24.
Fertilizer production (weight of 2.63 per cent in IIP) declined by 9.5 per cent in February 2024 while its cumulative production increased by 4.1 per cent during April-February 2023-24.
Production of natural gas (weight of 6.88 per cent in IIP) increased by 11.3 per cent in February 2024 while its cumulative production increased by 6.0 per cent during April-February 2023-24.
Production of petroleum refinery products (weight of 28.04 per cent in IIP) increased by 2.6 per cent in February 2024 while its cumulative production increased by 3.8 per cent during April-February 2023-24.
Steel production (weight of 17.92 per cent in IIP) increased by 8.4 per cent in February 2024 while cumulative steel production increased by 12.9 per cent during April-February 2023-24.
