Press Information Bureau

Government of India

Ministry of Commerce & Industry

31-December-2012 18:14 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 144.9 in November 2012 with a growth rate of 1.8% compared to their 7.8% growth in November 2011.  The decline in growth in November, 2012 was on account of negative growth witnessed in the production of Coal, Natural Gas and Cement and deceleration in growth rates of Electricity, Steel and Petroleum Refinery Products.

During April-November 2012-13, the cumulative growth rate of the Core industries was 3.5 % as against their growth at 4.8% during the corresponding period in 2011-12.

Coal

Coal production (weight: 4.38%) registered a growth of (-) 4.4% in November 2012 compared to its growth at 4.9% in November 2011. In cumulative terms, Coal production recorded a growth of 6.7% during April-November 2012-13 compared to its negative growth at (-) 4.0% during the same period of 2011-12.  

Crude Oil

Crude Oil production (weight: 5.22%) registered a growth of 0.8% in November 2012 compared to its (-) 5.7% growth in November 2011. Cumulatively, Crude Oil production recorded a negative growth of (-) 0.5% during April-November 2012-13 compared to its growth at 2.9% during the same period of 2011-12.

Natural Gas

The growth rate of Natural Gas production (weight: 1.71%) was negative both in November, 2012 at (-) 15.2% and in November 2011 at (-) 10.1%. Cumulatively also, Natural Gas production registered a negative growth of (-) 13.1% during April-November 2012-13 and (-) 8.5% 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 6.6% in November 2012 compared to its growth at 11.2% in November 2011.  In cumulative terms, Petroleum refinery production registered a growth of 7.2% during April-November 2012-13 compared to its 4.4% growth during the same period of 2011-12.

Fertilizers

Fertilizer production (weight: 1.25%) registered a growth of 5.0% in November 2012 against its negative growth at (-) 6.7% in November 2011. Cumulatively, Fertilizer production registered a negative growth of (-) 3.3% during April-November 2012-13 compared to (-) 0.7% growth during the same period of 2011-12.

 Steel (Alloy + Non-Alloy)

Steel production (weight: 6.68%) had a growth rate of 6.0% in November 2012 against its 10.5% growth in November 2011. Cumulatively, Steel production registered 3.4% growth during April-November 2012-13 compared to its 8.9% growth during the same period of 2011-12.

Cement

Cement production (weight: 2.41%) registered a negative growth at (-) 0.2% in November 2012 against its 17.0% growth in November 2011. The cumulative growth of Cement Production was 6.7% during April-November 2012-13 compared to its 4.8% growth during the same period of 2011-12.

Electricity

Electricity generation (weight: 10.32%) had a 2.3% growth in November 2012 compared to its 14.4% growth in November 2011. The cumulative growth of Electricity generation was 4.6% during April-November 2012-13 compared to its 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

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DS

Index of Eight Core Industries shows slowdown as key sectors record negative or decelerating growth, reducing industrial momentum. The Index of Eight Core Industries (weight 37.90% in IIP) records a slowdown in November 2012 with combined index growth of 1.8%, driven by negative monthly production in Coal, Natural Gas and Cement and deceleration in Electricity, Steel and Petroleum Refinery Products; sectoral monthly and cumulative (April-November) indices and growth rates are presented on a 2004-05=100 base, with data provisional and subject to revision.