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IIP of eight core industries up by 4.8% in Oct 2018

By Niranjan Mudholkar,

Added 30 November 2018

Cumulative growth during April to October, 2018-19 was 5.4%

growth

The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP)

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 134.8 in October, 2018, which was 4.8 per cent higher as compared to the index of October, 2017. Its cumulative growth during April to October, 2018-19 was 5.4 per cent.

Coal: Coal production (weight: 10.33 per cent) increased by 10.6 per cent in October, 2018 over October, 2017. Its cumulative index increased by 9.8 per cent during April to October, 2018-19 over corresponding period of the previous year.

Crude Oil: Crude Oil production (weight: 8.98 per cent) declined by 5.0 per cent in October, 2018 over October, 2017. Its cumulative index declined by 3.6 per cent during April to October, 2018-19over the corresponding period of previous year.

Natural Gas: The 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.

Refinery Products: Petroleum Refinery production (weight: 28.04 per cent) increased by 1.3 per cent in October, 2018 over October, 2017. Its cumulative index increased by 5.8 per cent during April to October, 2018-19 over the corresponding period of previous year.

Fertilizers: Fertilizers production (weight: 2.63 per cent) declined by 11.5 per cent in October, 2018 over October, 2017. Its cumulative index declined by 0.3 per cent during April to October, 2018-19 over the corresponding period of previous year.

Steel: Steel production (weight: 17.92 per cent) increased by 2.2 per cent in October, 2018 over October, 2017. Its cumulative index increased by 3.3 per cent during April to October, 2018-19 over the corresponding period of previous year.

Cement: Cement production (weight: 5.37 per cent) increased by 18.4 per cent in October, 2018 over October, 2017. Its cumulative index increased by 15.0 per cent during April to October, 2018-19 over the corresponding period of previous year.

Electricity: Electricity generation (weight: 19.85 per cent) increased by 11.4 per cent in October, 2018 over October, 2017. Its cumulative index increased by 6.9 per cent during April to October, 2018-19 over the corresponding period of previous year. 

Note 1: Data for August, 2018, September, 2018 and October, 2018 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: Release of the index for November, 2018 will be on Monday, 31st December, 2018.

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