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

The eight core industries have a combined weight of 37.90% in the Index of Industrial Production (IIP). The combined Index was 159.2 in May, 2013 with a growth rate of 2.3 % as compared to 7.2 % in May, 2012. The decline in the growth rate in May, 2013 was mainly on account of negative growth witnessed in the production of Coal, Crude Oil, Natural Gas and Fertilizer.

Coal

Coal production (weight: 4.38%) registered a negative growth of (-) 3.3% in May, 2013 compared to its growth at 9.6% in May, 2012. However, cumulative growth during April to May, 2013-14 was (-) 0.1% as compared to 7.8% during April to May 2012-13.

Crude Oil

Crude Oil production (weight: 5.22%) registered a negative growth of (-) 2.4% in May, 2013 as compared to 0.5% growth in May, 2012. Cumulative growth of Crude Oil production during April to May 2013-14 was negative at (-) 1.8% compared to (-) 0.4% during April to May 2012-13.

Natural Gas

The growth rate of Natural Gas production (weight: 1.71%) was negative both in May, 2013 at (-) 18.7% and in May, 2012 at (-) 10.7%. Cumulative growth of Natural Gas production during April to May 2013-14 was also negative at (-) 18.1% compared to (-) 11.0% during April to May 2012-13.

Petroleum Refinery Products (0.93% of Crude Throughput)[1]

Petroleum refinery production (weight: 5.94%) grew at 5.0% in May, 2013 compared to 23.4% in May, 2012. Cumulative growth of Petroleum refinery production during April to May, 2013-14 was 5.3% as compared to 22.1% during April to May 2012-13.

Fertilizers

Fertilizer production (weight: 1.25%) registered a growth of (-) 2.0% in May, 2013 compared to (-) 15.1% in May, 2012. Cumulative growth of Fertilizer production during April to May 2013-14 was (-) 2.2% as compared to (-) 12.4% during April to May 2012-13.

Steel (Alloy + Non-Alloy)

Steel production (weight: 6.68%) had a growth rate of 4.1% in May, 2013 against 3.8% in May, 2012. Cumulative growth of Steel production was 3.0 % both during April to May 2013-14 and during April to May 2012-13.

Cement

Cement production (weight: 2.41%) registered a growth of 3.0% in May, 2013 against 15.4% growth in May, 2012. Cumulative growth of Cement Production during April to May, 2013-14 was 5.6 % as compared to 13.9% during April to May 2012-13.

Electricity

Electricity generation (weight: 10.32%) registered a 6.2% growth in May, 2013 compared to 5.9% growth in May, 2012. Cumulative growth of Electricity generation during April to May, 2013-14 was 4.9 % as compared to 5.6% during April to May 2012-13.

Note: Data are provisional. Revision has been made based on revised data obtained.

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INDEX

 

Growth Rate (in %)

 

*Note: RIL (SEZ) production figures for April & May 2013 are on prorated basis.

Performance of Eight Core Industries

 

Monthly Index & Growth Rate

Base Year: 2004-05=100

(Weight in IIP: 37.90 %) 

Index

 

Growth Rates (in %)

*Note: RIL (SEZ) production figures for April & May 2013 are on prorated basis.

 

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DS/RK

(Release ID :96928)

Index of Eight Core Industries records 2.3% growth in May 2013, led down by coal, crude oil and natural gas declines. The Index of Eight Core Industries (weight 37.90% in IIP) stood at 159.2 in May 2013 with 2.3% growth year on year, down from 7.2% in May 2012; the decline was mainly due to negative growth in Coal, Crude Oil, Natural Gas and Fertilizer, while Steel, Cement, Electricity and refinery products registered positive but softer gains. Data are provisional and include prorated SEZ refinery figures.