Press Information Bureau

Government of India

Ministry of Commerce & Industry

28-September-2012 11:36 IST

The summarized Index of Eight Core Industries with 2004-05 base is given at the Annexure.

The   Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP).  The combined Index was 143.1 in August 2012 with a growth rate of 2.1% compared to their 3.8% growth in August 2011.  The moderation in growth was on account of the negative growths in the production of Natural Gas, Cement, Fertilizers and Crude Oil, besides a decline in the growth rates of Steel and Electricity production.

During April-August 2012-13, the cumulative growth rate of the Core industries was 2.8 % as against their growth at 5.5% during the corresponding period in 2011-12.

Coal

Coal production (weight: 4.38%) registered a growth of 11.0% in August 2012 compared to its negative growth at (-) 15.2% in August 2011. In cumulative terms also Coal production recorded a growth of 6.3% during April-August 2012-13 compared to its negative growth at (-) 2.3% during the same period of 2011-12.  

Crude Oil

Crude Oil production (weight: 5.22%) had a negative growth of (-) 0.6% in August 2012 compared to its 1.6% growth in August 2011. Cumulatively, Crude Oil production recorded a negative growth of (-) 0.6% during April-August 2012-13 compared to its growth at 6.1% during the same period of 2011-12.

Natural Gas

The growth rate of Natural Gas production (weight: 1.71%) was negative both in August, 2012, at (-) 13.5% and in August 2011 at (-) 5.3%. Cumulatively also, Natural Gas production registered negative growth of (-) 12.1% during April-August 2012-13 and (-) 8.9% during the same period of 2011-12.

Petroleum Refinery Products (0.93% of Crude Throughput)*

Petroleum refinery production (weight: 5.94%) had a growth of 8.4% in August 2012 compared to its growth at 3.8% in August 2011.  In cumulative terms, Petroleum refinery production registered a growth of 4.3% during April-August 2012-13 compared to its 4.7% growth during the same period of 2011-12.

Fertilizers

Fertilizer production (weight: 1.25%) registered a negative growth of (-) 2.1% in August 2012 against its growth at 4.3% in August 2011. Cumulatively, Fertilizer production registered negative growth of (-) 7.9% during April-August 2012-13 compared to 1.2% growth during the same period of 2011-12.

 Steel (Alloy + Non-Alloy)

Steel production (weight: 6.68%) had a growth rate of 1.8% in August 2012 against its 7.9% growth in August 2011. Cumulatively, Steel production registered 2.7% growth during April-August 2012-13 compared to its 9.9% growth during the same period of 2011-12.

Cement

Cement production (weight: 2.41%) registered a negative growth of (-) 2.4% in August 2012 against its 8.4% growth in August 2011. The cumulative growth of Cement Production was 5.4% during April-August 2012-13 compared to its 4.1% growth during the same period of 2011-12.

Electricity

Electricity generation (weight: 10.32%) had a 1.7% growth in August 2012 compared to its 9.4% growth in August 2011. The cumulative growth of Electricity generation was 4.9% during April-August 2012-13 compared to 9.4% growth during the same period of 2011-12.

* RPL (SEZ) with refining capacity 29MMT was commissioned on 25.12.2008 but crude throughput not reported by the refinery and not included in production for entire period.

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

Click here to see Annexure

Eight core industries grew 2.1% in August 2012, with declines in natural gas, cement, fertilizers and crude oil. The Index of Eight Core Industries (weight 37.90% in IIP) stood at 143.1 in August 2012, with 2.1% growth versus 3.8% a year earlier. Moderation in aggregate growth reflected negative August growth in Natural Gas, Cement, Fertilizers and Crude Oil and slower growth in Steel and Electricity. Cumulative April-August 2012-13 growth was 2.8% compared with 5.5% in the same period of 2011-12. Sectoral monthly movements and provisional revised data are set out in the annexure.