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After a steep decline in March and April 2020, the overall growth rate of production of eight core industries started showing signs of recovery since May 2020. The sector-wise and month-wise details of growth rate in the eight core industries since November 2019 are at Annex-I.
The production of eight Core industries has been adversely affected by the Covid-19 pandemic and associated disruptions in demand and supply of goods and services. Some of the demand side factors responsible for drop in production are decline in private final consumption expenditure and gross fixed capital expenditure, uncertainty in business sentiments, etc. The imposition of nationwide lockdown to contain the outbreak of Covid-19 pandemic was a major supply side factor responsible for drop in the core sector growth.
Industrial growth depends on a number of factors including structural, external, fiscal and industrial factors. The sudden outbreak of COVID-19 has severely impacted some of the major economies of the world, viz. USA, European Union, UK and Japan. In India too, various sectors were affected due to the nation-wide lockdown. However, after the lockdown was relaxed, improvement has been witnessed in several sectors of the economy.
Some of the steps taken by the Government to ensure growth in core sector and to promote domestic industry are as follows:
This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri SomParkash, in a written reply in the Lok Sabha today.
ANNEXURE-I
ANNEXURE REFERRED TO IN REPLY TO PARTS (a) & (b) OF THE LOK SABHA UNSTARRED QUESTION NO. 285 FOR ANSWER ON 3RD FEBRUARY, 2021.
Growth rate (in %) of production of Eight Core Industries (Year on Year basis)
| Months/Years | Overall Growth rate | Coal | Crude Oil | Natural Gas | Petroleum Refinery Products | Fertilizers | Steel | Cement | Electricity |
| Weight (%) |
| 10.33 | 8.98 | 6.88 | 28.04 | 2.63 | 17.92 | 5.37 | 19.85 |
| Nov-19 | 0.7 | -3.5 | -6.0 | -6.4 | 3.1 | 13.6 | 7.0 | 4.3 | -4.9 |
| Dec-19 | 3.1 | 6.1 | -7.4 | -9.2 | 3.0 | 10.2 | 8.7 | 5.5 | 0.0 |
| Jan-20 | 2.2 | 8.0 | -5.3 | -9.0 | 1.9 | -0.1 | 1.6 | 5.1 | 3.2 |
| Feb-20 | 6.4 | 11.3 | -6.4 | -9.6 | 7.4 | 2.9 | 2.9 | 7.8 | 11.5 |
| Mar-20 | -8.6 | 4.0 | -5.5 | -15.1 | -0.5 | -11.9 | -21.9 | -25.1 | -8.2 |
| Apr-20 | -37.9 | -15.5 | -6.4 | -19.9 | -24.2 | -4.5 | -82.8 | -85.2 | -22.9 |
| May-20 | -21.4 | -14.0 | -7.1 | -16.8 | -21.3 | 7.5 | -40.4 | -21.4 | -14.8 |
| Jun-20 | -12.4 | -15.5 | -6.0 | -12.0 | -8.9 | 4.2 | -23.2 | -6.8 | -10.0 |
| Jul-20 | -7.6 | -5.7 | -4.9 | -10.2 | -13.9 | 6.9 | -6.5 | -13.5 | -2.4 |
| Aug-20 | -6.9 | 3.6 | -6.3 | -9.5 | -19.1 | 7.3 | 0.5 | -14.5 | -1.8 |
| Sep-20 | 0.6 | 21.0 | -6.0 | -10.6 | -9.5 | -0.3 | 6.2 | -3.4 | 4.8 |
| Oct-20* | -0.9 | 11.7 | -6.2 | -8.6 | -17.0 | 6.3 | 4.0 | 3.2 | 11.2 |
| Nov-20* | -1.4 | 3.3 | -4.9 | -9.3 | -4.8 | 1.6 | -0.5 | -7.3 | 3.5 |
| Dec-20* | -1.3 | 2.2 | -3.6 | -7.2 | -2.8 | -2.9 | -2.7 | -9.7 | 4.2 |
| 2016-17(Apr-Mar) | 4.8 | 3.2 | -2.5 | -1.0 | 4.9 | 0.2 | 10.7 | -1.2 | 5.8 |
| 2017-18(Apr-Mar) | 4.3 | 2.6 | -0.9 | 2.9 | 4.6 | 0.03 | 5.6 | 6.3 | 5.3 |
| 2018-19(Apr-Mar) | 4.4 | 7.4 | -4.1 | 0.8 | 3.1 | 0.3 | 5.1 | 13.3 | 5.2 |
| 2019-20(Apr-Mar) | 0.4 | -0.4 | -5.9 | -5.6 | 0.2 | 2.7 | 3.4 | -0.9 | 0.9 |
| 2020-21(Apr-Dec)* | -10.1 | -1.9 | -5.7 | -11.6 | -13.5 | 3.0 | -16.7 | -18.3 | -3.7 |
* Provisional
Eight Core Industries includes Coal, Crude Oil, Natural Gas, Petroleum Refinery, Fertilizers, Steel, Cement& Electricity.
