Ministry of Commerce & Industry

Index of Eight Core Industries (Base: 2004-05=100) March, 2017 

Posted On: 01 MAY 2017 5:05PM by PIB Delhi

 

The summary of the Index of Eight Core Industries (base: 2004-05) is given at the Annexure.

The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 202.9 in March, 2017, which was 5.0 % higher compared to the index of  March, 2016. Its cumulative growth during April to March, 2016-17 was 4.5 %.

Coal

            Coal production (weight: 4.38 %) increased by 10.0 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 3.6 % over corresponding period of previous year.

Crude Oil

            Crude Oil production (weight: 5.22 %) increased by 0.9 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 declined by 2.5 % over the corresponding period of previous year.

Natural Gas

            The Natural Gas production (weight: 1.71 %) increased by 8.3 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 declined by 1.1 % over the corresponding period of previous year.

 

 

 

Refinery Products (93% of Crude Throughput)

            Petroleum Refinery production (weight: 5.94%) declined by 0.3 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 5.4 % over the corresponding period of previous year.

Fertilizers

            Fertilizer production (weight: 1.25%) declined by 0.8 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 1.8 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)

            Steel production (weight: 6.68%) increased by 11.0 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 9.3 % over the corresponding period of previous year.

Cement

            Cement production (weight: 2.41%) declined by 6.8 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 declined by 1.3 % over the corresponding period of previous year.

Electricity

            Electricity generation (weight: 10.32%) increased by 5.9 % in March, 2017 over March, 2016. Its cumulative index during April to March, 2016-17 increased by 5.1 % over the corresponding period of previous year.

Note 1: Data are provisional. Revision has been made based on revised data received for corresponding month of previous year in respect of Coal, Crude Oil, Natural Gas, Fertilizers, Steel, Cement and Electricity. Accordingly, indices for the month of March, 2016 have been revised.

 

Note 2: Since October, 2016, Electricity generation data from Renewable sources is also included.

 

Note 3: Release of the index for April, 2017 will be on Wednesday, 31st May, 2017.

 

 

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2004-05=100

 

 

INDEX

Sector

Weight

 2011-12

2012-13

2013-14

2014-15

2015-16

Apr-Mar 2015-16

Apr-Mar 2016-17

Coal

4.379

141.5

148.1

150.0

162.2

169.5

169.5

175.6

Crude Oil

5.216

112.1

111.4

111.2

110.2

108.7

108.7

106.0

Natural Gas

1.708

149.7

128.1

111.5

106.0

101.5

101.5

100.4

Refinery Products

5.939

133.7

172.5

175.0

175.6

183.2

183.2

193.0

Fertilizers

1.254

103.8

100.2

101.8

101.7

114.4

114.4

116.6

Steel

6.684

174.0

181.1

201.9

211.4

211.3

211.3

230.9

Cement

2.406

175.2

188.7

194.5

205.3

215.5

215.5

212.7

Electricity

10.316

149.3

155.3

164.6

178.5

193.4

193.4

203.2

Overall Index

37.903

145.3

154.7

161.2

168.5

175.2

175.2

183.0

 

 

 

GROWTH RATES (in %)

Sector

Weight

 2011-12

2012-13

2013-14

2014-15

2015-16

Apr-Mar 2015-16

Apr-Mar 2016-17

Coal

4.379

1.3

4.6

1.3

8.1

4.5

4.5

3.6

Crude Oil

5.216

1.0

-0.6

-0.2

-0.9

-1.4

-1.4

-2.5

Natural Gas

1.708

-8.9

-14.5

-13.0

-4.9

-4.2

-4.2

-1.1

Refinery Products

5.939

3.1

29.0

1.5

0.3

4.3

4.3

5.4

Fertilizers

1.254

0.4

-3.4

1.5

-0.1

12.5

12.5

1.8

Steel

6.684

10.3

4.1

11.5

4.7

-0.1

-0.1

9.3

Cement

2.406

6.7

7.7

3.1

5.6

5.0

5.0

-1.3

Electricity

10.316

8.1

4.0

6.0

8.4

8.3

8.3

5.1

Overall Index

37.903

5.0

6.5

4.2

4.5

4.0

4.0

4.5

#Refinery Products’ yearly growth rate of 2012-13 is not comparable with other years on account of inclusion of RIL (SEZ) production data since April, 2012.

 

Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2004-05=100

Index

Sector

Coal

Crude Oil

Natural Gas

Refinery Products

Fertilizers

Steel

Cement

Electricity

Overall Index

Weight

4.379

5.216

1.708

5.939

1.254

6.684

2.406

10.316

37.903

Mar-16

222.9

108.1

96.0

201.9

119.1

229.1

246.7

207.9

193.2

Apr-16

154.9

104.4

94.0

190.3

94.2

212.3

225.2

203.1

176.4

May-16

164.8

108.7

100.3

188.3

116.9

237.6

227.0

203.9

183.7

Jun-16

164.6

104.8

98.2

190.4

115.6

225.0

237.7

198.6

180.4

Jul-16

140.9

108.7

102.2

200.3

114.1

207.6

212.8

193.2

173.7

Aug-16

126.4

108.3

101.0

191.5

127.1

237.3

203.3

194.6

176.0

Sep-16

135.2

103.0

98.2

186.1

122.0

233.4

206.4

199.8

176.1

Oct-16

166.3

107.7

104.1

198.5

123.8

234.0

221.3

216.4

188.1

Nov-16

192.4

101.6

100.9

188.0

121.8

209.2

187.1

202.7

178.2

Dec-16

204.6

107.9

103.4

202.4

117.2

237.3

200.7

204.8

189.1

Jan-17

207.7

108.6

103.5

199.3

118.8

248.3

205.1

206.6

191.8

Feb-17

204.0

98.8

95.3

179.8

109.2

234.7

195.7

194.9

180.1

Mar-17

245.3

109.1

103.9

201.2

118.1

254.4

229.9

220.2

202.9

 

Growth Rates (in %)

Sector

Coal

Crude Oil

Natural Gas

Refinery Products

Fertilizers

Steel

Cement

Electricity

Overall Index

Weight

4.379

5.216

1.708

5.939

1.254

6.684

2.406

10.316

37.903

Mar-16

2.5

-5.1

-10.5

10.8

22.9

7.8

12.9

17.9

9.3

Apr-16

-0.9

-2.3

-6.8

17.9

7.8

6.1

4.4

14.7

8.5

May-16

5.5

-3.3

-6.9

1.2

14.8

3.2

2.4

4.6

2.8

Jun-16

12.0

-4.3

-4.5

3.5

9.8

2.4

10.3

8.1

5.2

Jul-16

5.1

-1.8

3.3

13.7

-4.3

-0.5

1.4

1.6

3.0

Aug-16

-9.2

-3.9

-5.7

3.5

5.7

17.0

3.1

0.1

3.2

Sep-16

-5.8

-4.1

-5.5

9.3

2.0

16.3

5.5

2.2

5.0

Oct-16

-1.6

-3.2

-1.4

15.1

0.8

16.9

6.2

2.8

6.6

Nov-16

6.4

-5.4

-1.7

2.0

2.4

5.6

0.5

10.2

4.9

Dec-16

4.4

-0.8

0.0

6.4

-4.7

14.9

-8.7

6.0

5.6

Jan-17

4.8

1.3

11.9

-1.5

-1.6

11.4

-13.3

4.8

3.4

Feb-17

7.1

-3.4

-1.7

-2.3

-5.3

8.7

-15.8

1.5

1.0

Mar-17

10.0

0.9

8.3

-0.3

-0.8

11.0

-6.8

5.9

5.0

 

***

MJPS


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