The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure.

The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 127.0 in October, 2019, which declinedby 5.8per centas compared to the index of October,2018. Its cumulative growth during April to October,2019-20was 0.2per cent.

Coal

Coal production (weight: 10.33per cent)declinedby 17.6 per cent in October,2019 over October,2018. Its cumulative index declinedby 5.8 per centduring April to October,2019-20over corresponding period of the previous year.

Crude Oil

Crude Oil production (weight: 8.98per cent) declinedby 5.1 per cent in October,2019 over October,2018. Its cumulative index declined by 5.8 per centduring April toOctober,2019-20over the corresponding period of previous year.

Natural Gas

The Natural Gas production (weight: 6.88per cent) declinedby5.7 per cent in October,2019 over October,2018. Its cumulative index declined by 2.6 per centduring April toOctober,2019-20 over the corresponding period of previous year.

Refinery Products

Petroleum Refinery production (weight: 28.04per cent)increasedby0.4 per cent inOctober,2019 overOctober,2018. Its cumulative index declined by 1.7 per centduring April to October,2019-20over the corresponding period of previous year.

Fertilizers

Fertilizers production (weight: 2.63 per cent) increased by 11.8 per cent in October,2019 overOctober,2018. Its cumulative index increasedby 2.6 per cent during April toOctober,2019-20 over the corresponding period of previous year.

Steel

Steel production (weight: 17.92per cent)declinedby 1.6 per cent inOctober,2019 over October,2018. Its cumulative index increased by 6.7per centduring April to October,2019-20 over the corresponding period of previous year.

Cement

Cement production (weight: 5.37per cent) declinedby7.7per cent inOctober,2019overOctober,2018. Its cumulative index declinedby 0.6per centduring April to October,2019-20over the corresponding period of previous year.

Electricity

Electricity generation (weight: 19.85per cent) declinedby12.4per centin October,2019over October,2018. Its cumulative indexincreased by1.5per cent duringApril to October,2019-20over the corresponding period of previous year.

Note 1: Data for August, 2019, September, 2019 and October, 2019 are 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.

Note5: Release of the index for November, 2019 will be on Tuesday, 31^stDecember, 2019.

 

 

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2011-12=100

 

Index

Sector	Weight	2013-14	2014-15	2015-16	2016-17	2017-18	2018-19	Apr-Oct 2018-19	Apr-Oct 2019-20
Coal	10.3335	104.2	112.6	118.0	121.8	124.9	134.1	116.9	110.2
Crude Oil	8.9833	99.2	98.4	97.0	94.5	93.7	89.8	91.3	86.0
Natural Gas	6.8768	74.5	70.5	67.2	66.5	68.4	69.0	68.5	66.8
Refinery Products	28.0376	108.6	108.8	114.1	119.7	125.2	129.1	129.4	127.3
Fertilizers	2.6276	98.1	99.4	106.4	106.6	106.6	107.0	105.5	108.3
Steel	17.9166	115.8	121.7	120.2	133.1	140.5	147.7	143.3	152.8
Cement	5.3720	111.5	118.1	123.5	122.0	129.7	147.0	142.6	141.7
Electricity	19.8530	110.3	126.6	133.8	141.6	149.2	156.9	162.4	164.8
Overall Index	100.0000	106.5	111.7	115.1	120.5	125.7	131.2	129.6	129.9

 

Growth Rates(in per cent)

Sector	Weight	2013- 14	2014- 15	2015- 16	2016- 17	2017- 18	2018- 19	Apr-Oct 2018-19	Apr-Oct2019-20
Coal	10.3335	1.0	8.0	4.8	3.2	2.6	7.4	9.9	-5.8
Crude Oil	8.9833	-0.2	-0.9	-1.4	-2.5	-0.9	-4.1	-3.6	-5.8
Natural Gas	6.8768	-12.9	-5.3	-4.7	-1.0	2.9	0.8	-0.8	-2.6
Refinery Products	28.0376	1.4	0.2	4.9	4.9	4.6	3.1	5.8	-1.7
Fertilizers	2.6276	1.5	1.3	7.0	0.2	0.03	0.3	-0.3	2.6
Steel	17.9166	7.3	5.1	-1.3	10.7	5.6	5.1	3.3	6.7
Cement	5.3720	3.7	5.9	4.6	-1.2	6.3	13.3	15.0	-0.6
Electricity	19.8530	6.1	14.8	5.7	5.8	5.3	5.2	6.8	1.5
Overall Growth	100.0000	2.6	4.9	3.0	4.8	4.3	4.4	5.4	0.2

 

Performance of Eight Core Industries

Monthly Index & 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
Oct-18	132.9	90.9	70.3	133.8	103.3	150.2	148.4	166.0	134.8
Nov-18	138.4	87.6	68.9	128.9	102.7	144.8	136.5	147.2	128.3
Dec-18	144.1	90.2	72.2	126.6	109.4	152.0	151.0	150.3	131.5
Jan-19	152.5	89.7	71.8	131.9	116.6	153.0	156.1	150.7	134.5
Feb-19	153.8	80.8	64.4	120.0	104.8	148.6	149.1	137.7	125.9
Mar-19	201.7	89.9	70.7	135.9	111.5	170.7	173.2	160.1	146.5
Apr-19	122.6	85.6	66.6	124.3	89.0	156.4	152.5	162.8	130.7
May-19	127.3	88.2	68.7	129.6	105.5	161.8	149.3	176.8	137.0
Jun-19	123.5	84.7	66.0	121.4	110.0	159.3	147.9	173.6	132.8
Jul-19	106.4	87.2	68.1	132.9	111.7	151.7	146.5	170.5	132.6
Aug-19	94.8	86.6	67.4	131.0	112.6	151.9	127.7	165.7	128.9
Sep-19	87.3	83.4	64.3	117.5	113.9	141.1	131.3	158.7	120.7
Oct-19	109.6	86.3	66.3	134.2	115.5	147.7	137.0	145.4	127.0

 

 

 

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
Oct-18	11.3	-5.0	-0.9	1.3	-11.5	2.4	18.4	10.9	4.8
Nov-18	3.7	-3.5	0.5	2.3	-8.1	5.3	8.8	5.1	3.3
Dec-18	1.1	-4.3	4.2	-4.8	-2.4	10.1	11.6	4.4	2.1
Jan-19	2.0	-4.3	6.2	-2.6	10.5	5.5	11.0	0.8	1.5
Feb-19	7.4	-6.1	3.8	-0.8	2.5	4.9	8.0	1.2	2.2
Mar-19	9.1	-6.2	1.4	4.3	4.3	11.5	15.7	2.1	5.8
Apr-19	3.2	-6.7	-0.8	4.3	-4.4	13.3	2.3	5.9	5.2
May-19	1.7	-6.9	-0.1	-1.5	-1.0	13.3	2.8	7.4	3.8
Jun-19	2.9	-6.8	-2.1	-9.3	1.5	10.8	-1.9	8.6	1.2
Jul-19	-1.6	-4.4	-0.5	-0.9	1.5	8.1	7.7	5.2	2.6
Aug-19	-8.6	-5.4	-3.9	2.6	2.9	5.1	-5.1	-0.9	0.1
Sep-19	-20.5	-5.4	-4.9	-6.6	5.4	-1.5	-2.0	-2.6	-5.1
Oct-19	-17.6	-5.1	-5.7	0.4	11.8	-1.6	-7.7	-12.4	-5.8

 

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MM/SB

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