Index of Eight Core Industries for the Month of October 2020

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

2. The combined Index of Eight Core Industries stood at 124.2 in October,2020, which declined by 2.5 (provisional) percent as compared to the Index of October, 2019.Its cumulative growth during April to October, 2020-21 has been (-) 13.0%.

3. Final growth rate of Index of Eight Core Industries for July'2020 is revised to (-) 7.6%.The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).Details of yearly/monthly index and growth rate is provided atAnnexure.

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

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

Coal- Coal production (weight: 10.33percent) increased by 11.6 percent in October, 2020 over October,2019. Its cumulative index declined by 3.6percent during April toOctober, 2020-21over corresponding period of the previous year.

Crude Oil-Crude Oil production (weight: 8.98percent) declined by 6.2 percent in October, 2020 over October,2019. Its cumulative index declined by 6.1 percent during April toOctober, 2020-21over the corresponding period of previous year.

Natural Gas- The Natural Gas production (weight:6.88 percent) declined by 8.6 percent in October, 2020 over October,2019. Its cumulative index declined by 12.5 percent during April to October, 2020-21 over the corresponding period of previous year.

Refinery Products- Petroleum Refinery production (weight: 28.04 percent) declined by 17.0 percent in October, 2020 over October,2019. Its cumulative index declined by 16.4percent during April to October, 2020-21over the corresponding period of previous year.

Fertilizers-Fertilizers production (weight: 2.63 percent) increased by 6.3 percent in October,2020 over October,2019. Its cumulative index increasedby 4.1 percent during April toOctober, 2020-21 over the corresponding period of previous year.

Steel-Steel production (weight: 17.92percent) declined by 2.7 percent in October, 2020 over October,2019. Its cumulative index declined by 22.8percentduring April to October, 2020-21 over the corresponding period of previous year.

Cement-Cement production (weight:5.37percent) increased by 2.8 percent in October, 2020overOctober,2019. Its cumulative index declinedby21.3percentduring April to October, 2020-21over the corresponding period of previous year.

Electricity- Electricity generation (weight:19.85percent) increased by 10.5 percent in October,2020over October,2019. Its cumulative indexdeclined by 5.6percent duringApril to October, 2020-21over the corresponding period of previous year.

Note 1: Data for August, 2020, September, 2020 and October, 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.

Note 5: Release of the index for November, 2020 will be on Thursday 31st December,2020.

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2011-12=100

Index

Growth Rates (in percent)

Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2011-12=100

Index

Growth Rates (in percent)