01-03-2022 12:29 PM | Source: Accord Fintech
Eight core sectors' output up 3.1% in November
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The growth of eight core infrastructure industries grew 3.1 percent in November 2021 as against 1.1 percent contraction in same month last year. In October 2021, these core sectors' output had grown by 8.4 percent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).      

Coal production having 10.33 percent weight increased by 8.2 percent in November, 2021 over November, 2020 and its cumulative index increased by 11.6 percent during April to November, 2021-22 over corresponding period of the previous year. Natural Gas having 6.88 percent weight increased by 23.7 percent in November, 2021 over November, 2020 and its cumulative index increased by 22.8 per cent during April to November, 2021-22 over the corresponding period of previous year. Petroleum Refinery production having 28.04 percent weight increased by 4.3 percent in November, 2021 over November, 2020 and its cumulative index increased by 10.6 percent during April to November, 2021-22 over the corresponding period of previous year.

Fertilizers production having 2.63 percent weight increased by 2.5 percent in November, 2021 over November, 2020 and its cumulative index decreased by 0.6 percent during April to November, 2021-22 over the corresponding period of previous year. Steel production having 17.92 per cent weight increased by 0.8 percent in November, 2021 over November, 2020 and its cumulative index increased by 25.3 per cent during April to November, 2021-22 over the corresponding period of previous year. Cement production having 5.37 percent weight decreased by 3.2 percent in November, 2021 over November, 2020 and its cumulative index increased by 28.3 percent during April to November, 2021-22 over the corresponding period of previous year.

Electricity generation having 19.85 percent weight increased by 1.5 percent in November, 2021 over November, 2020 and its cumulative index increased by 10.2 percent during April to November, 2021-22 over the corresponding period of previous year. However, Crude Oil production having 8.98 weight declined by 2.2 percent in November, 2021 over November, 2020 and its cumulative index declined by 2.7 percent during April to November, 2021-22 over the corresponding period of previous year.