Press Information Bureau

Government of India

Ministry of Commerce & Industry

2-May-2011

The Index of Six core industries having a combined weight of 26.7 per cent in the Index of Industrial Production (IIP) with base 1993-94 stood at 272.6 (provisional) in March 2011 and registered a growth of 7.4% (provisional) compared to 6.8% registered in March 2010.  During April-March 2010-11, six core industries registered a growth of 5.9% (provisional) as against 5.5% during the corresponding period of the previous year.

Crude Oil

Crude Oil production (weight of 4.17% in the IIP) registered a growth of 12.1% (provisional) in March 2011 compared to a growth rate of 3.5% in March 2010. The Crude Oil production registered a growth of 11.9% (provisional) during April-March 2010-11 compared to 0.5% during the same period of 2009-10.

Petroleum Refinery Products

Petroleum refinery production (weight of 2.00% in the IIP) registered a growth of 8.5% (provisional) in March 2011 compared to growth of (-) 1.1% in March 2010. The Petroleum refinery production registered a growth of 3.0% (provisional) during April-March 2010-11 compared to (-) 0.5% during the same period of 2009-10.

Coal

Coal production (weight of 3.2% in the IIP) registered a growth of (-) 1.2% (provisional) in March 2011 compared to growth rate of 8.0% in March 2010. Coal production grew by 0.0% (provisional) during April-March 2010-11 compared to an increase of 7.9% during the same period of 2009-10. 

Electricity

Electricity generation (weight of 10.17% in the IIP) registered a growth of 7.6 % (provisional) in March 2011 compared to growth rate of 7.9% in March 2010.  Electricity generation grew by 5.6% (provisional) during April-March 2010-11 compared to 6.2% during the same period of 2009-10.

Cement

Cement production (weight of 1.99% in the IIP) registered a growth of 6.5% (provisional) in March 2011 compared to 7.8% in March 2010. Cement Production grew by 4.5% (provisional) during April-March 2010-11 compared to an increase of 10.5% during the same period of 2009-10.

Finished (carbon) steel

Finished (carbon) Steel production (weight of 5.13% in the IIP) registered a growth of 9.9% (provisional) in March 2011 compared to 7.7% (estimated) in March 2010. Finished (carbon) Steel production grew by 8.2% (provisional) during April-March 2010-11 compared to an increase of 5.4% during the same period of 2009-10.

 

 

Industrial production growth in core industries strengthened, led by crude oil and steel, while coal remained weak. The Index of Six Core Industries (weight 26.7% in the IIP) recorded provisional growth of 7.4% in March 2011 and 5.9% for April-March 2010-11. Crude oil and finished steel showed strong provisional increases, petroleum refinery products moved into growth after prior contraction, electricity and cement recorded moderate provisional gains, and coal logged a provisional decline in March and near zero growth for April-March. The release provides weights and comparative growth rates for each component to reflect sectoral contributions to the core index.