Ministry of Commerce & Industry

Index of Eight Core Industries (Base: 2011-12=100) for December, 2020

Posted On: 29 JAN 2021 5:00PM by PIB Delhi

The Office of The Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries for the Month of December, 2020.

2. The combined Index of Eight Core Industries stood at 133.8 in December,2020, which declined by 1.3 (provisional) per cent as compared to the Index of December, 2019.Its cumulative growth during April to December, 2020-21 has been(-) 10.1%.

3.  Final growth rate of Index of Eight Core Industries for September’2020 is revised to0.6%from its provisional level(-0.8%).The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).Details of yearly and monthly index and their growth rate is provided atAnnexure I & II.

4.Monthly growth rates of Index of Eight Core Industries (Overall) is depicted in the graph: 

 

 

 

 

 

 

 

 

 

 

 

 

*provisional

              
 

5. The summary of the Index of Eight Core Industries is given below:

Coal- Coal production (weight: 10.33per cent) increasedby 2.2 per cent in December, 2020 over December,2019. Its cumulative index declined by 1.9 per cent during April to December, 2020-21over corresponding period of the previous year.

Crude Oil-Crude Oil production (weight: 8.98per cent) declined by 3.6 per cent in December, 2020 over December,2019. Its cumulative index declined by 5.7 per cent during April to December, 2020-21over the corresponding period of previous year.

Natural Gas- The Natural Gas production (weight:6.88per cent) declinedby 7.2 per cent in December, 2020 over December,2019. Its cumulative index declined by 11.6 per cent during April to December, 2020-21 over the corresponding period of previous year.

Petroleum Refinery Products- Petroleum Refinery production (weight:28.04per cent) declined by 2.8 per cent in December, 2020 over December,2019. Its cumulative index declinedby 13.5 per cent during April to December, 2020-21over the corresponding period of previous year.

Fertilizers-Fertilizers production (weight:2.63 per cent) declinedby 2.9 per cent in December,2020 over December,2019. Its cumulative index increasedby 3.0 per cent during April to December, 2020-21 over the corresponding period of previous year.

Steel-Steel production (weight:17.92per cent) declinedby 2.7 per cent in December, 2020 over December,2019. Its cumulative index declined by 16.7 per centduring April to December, 2020-21 over the corresponding period of previous year.

Cement-Cement production (weight:5.37per cent) declinedby 9.7 per cent in December, 2020over December,2019. Its cumulative index declinedby18.3 per centduring April to December, 2020-21over the corresponding period of previous year.

Electricity- Electricity generation (weight:19.85per cent) increasedby 4.2 per cent in December,2020over December,2019. Its cumulative indexdeclined by 3.7 per cent duringApril to December, 2020-21over the corresponding period of previous year.

Note 1: Data for October, 2020, November, 2020and December, 2020are provisional.

Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.

Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.

Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.

 

Annexure I

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2011-12=100

 

Index

Sector

Weight

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

Apr- Dec  2019-20

Apr- Dec  2020-21*

Coal

10.3335

103.2

104.2

112.6

118.0

121.8

124.9

134.1

133.6

117.5

115.4

Crude Oil

8.9833

99.4

99.2

98.4

97.0

94.5

93.7

89.8

84.5

85.3

80.4

Natural Gas

6.8768

85.6

74.5

70.5

67.2

66.5

68.4

69.0

65.1

66.4

58.7

Refinery Products

28.0376

107.2

108.6

108.8

114.1

119.7

125.2

129.1

129.4

128.3

110.9

Fertilizers

2.6276

96.7

98.1

99.4

106.4

106.6

106.6

107.0

109.8

110.6

113.9

Steel

17.9166

107.9

115.8

121.7

120.2

133.1

140.5

147.7

152.6

154.4

128.7

Cement

5.3720

107.5

111.5

118.1

123.5

122.0

129.7

147.0

145.7

143.7

117.5

Electricity

19.8530

104.0

110.3

126.6

133.8

141.6

149.2

156.9

158.4

160.5

154.6

Overall Index

100.0000

103.8

106.5

111.7

115.1

120.5

125.7

131.2

131.6

130.5

117.3

*provisional

Growth Rates (in per cent)

Sector

Weight

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

Apr- Dec  2019-20

Apr- Dec  2020-21*

Coal

10.3335

3.2

1.0

8.0

4.8

3.2

2.6

7.4

-0.4

-3.9

-1.9

Crude Oil

8.9833

-0.6

-0.2

-0.9

-1.4

-2.5

-0.9

-4.1

-5.9

-6.0

-5.7

Natural Gas

6.8768

-14.4

-12.9

-5.3

-4.7

-1.0

2.9

0.8

-5.6

-3.8

-11.6

Refinery Products

28.0376

7.2

1.4

0.2

4.9

4.9

4.6

3.1

0.2

-0.6

-13.5

Fertilizers

2.6276

-3.3

1.5

1.3

7.0

0.2

0.03

0.3

2.7

4.7

3.0

Steel

17.9166

7.9

7.3

5.1

-1.3

10.7

5.6

5.1

3.4

6.9

-16.7

Cement

5.3720

7.5

3.7

5.9

4.6

-1.2

6.3

13.3

-0.9

0.7

-18.3

Electricity

19.8530

4.0

6.1

14.8

5.7

5.8

5.3

5.2

0.9

0.7

-3.7

Overall Growth

100.0000

3.8

2.6

4.9

3.0

4.8

4.3

4.4

0.4

0.6

-10.1

*provisional

 

Annexure II

Performance of Eight Core Industries

MonthlyIndex & Growth Rate

Base Year: 2011-12=100

Index

Sector

Coal

Crude Oil

Natural Gas

Refinery Products

Fertilizers

Steel

Cement

Electricity

Overall Index

Weight

10.3335

8.9833

6.8768

28.0376

2.6276

17.9166

5.3720

19.8530

100.0000

Dec-19

152.9

83.5

65.5

130.5

120.5

165.2

159.2

150.2

135.5

Jan-20

164.7

85.0

65.3

134.4

116.5

155.4

164.1

155.6

137.4

Feb-20

171.1

75.6

58.3

128.9

107.8

152.9

160.7

153.6

134.0

Mar-20

209.7

85.0

60.1

135.3

98.3

133.2

129.8

146.9

134.0

Apr-20

103.7

80.2

53.3

94.2

85.0

26.9

22.5

125.6

81.2

May-20

109.4

82.0

57.2

102.0

113.4

96.4

117.3

150.6

107.7

Jun-20

104.3

79.6

58.1

110.6

114.6

122.3

137.8

156.2

116.3

Jul-20

100.3

83.0

61.2

114.5

119.4

141.9

126.8

166.3

122.5

Aug-20

98.2

81.2

61.0

105.9

120.8

150.7

109.1

162.7

119.7

Sep-20

105.6

78.3

57.5

106.3

113.5

149.9

126.8

166.4

121.4

Oct-20*

122.4

80.9

60.6

111.5

122.8

155.5

141.3

162.2

126.2

Nov-20*

137.9

78.3

58.4

126.5

118.5

154.1

132.1

144.8

127.4

Dec-20*

156.2

80.5

60.8

126.9

117.0

160.7

143.7

156.5

133.8

*provisional

Growth Rates (in per cent)

Sector

Coal

Crude Oil

Natural Gas

Refinery Products

Fertilizers

Steel

Cement

Electricity

Overall Growth

Weight

10.3335

8.9833

6.8768

28.0376

2.6276

17.9166

5.3720

19.8530

100.0000

Dec-19

6.1

-7.4

-9.2

3.0

10.2

8.7

5.5

-0.02

3.1

Jan-20

8.0

-5.3

-9.0

1.9

-0.1

1.6

5.1

3.2

2.2

Feb-20

11.3

-6.4

-9.6

7.4

2.9

2.9

7.8

11.5

6.4

Mar-20

4.0

-5.5

-15.1

-0.5

-11.9

-21.9

-25.1

-8.2

-8.6

Apr-20

-15.5

-6.4

-19.9

-24.2

-4.5

-82.8

-85.2

-22.9

-37.9

May-20

-14.0

-7.1

-16.8

-21.3

7.5

-40.4

-21.4

-14.8

-21.4

Jun-20

-15.5

-6.0

-12.0

-8.9

4.2

-23.2

-6.8

-10.0

-12.4

Jul-20

-5.7

-4.9

-10.2

-13.9

6.9

-6.5

-13.5

-2.4

-7.6

Aug-20

3.6

-6.3

-9.5

-19.1

7.3

0.5

-14.5

-1.8

-6.9

Sep-20

21.0

-6.0

-10.6

-9.5

-0.3

6.2

-3.4

4.8

0.6

Oct-20*

11.7

-6.2

-8.6

-17.0

6.3

4.0

3.2

11.2

-0.9

Nov-20*

3.3

-4.9

-9.3

-4.8

1.6

-0.5

-7.3

3.5

-1.4

Dec-20*

2.2

-3.6

-7.2

-2.8

-2.9

-2.7

-9.7

4.2

-1.3

*provisional

***

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