Index of Eight Core Industries March, 2017

Economy India

Ministry of Commerce & Industry01-May, 2017 17:02 IST

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

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