Output of eight core sectors expands by 12.7% in June
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The output of eight core infrastructure sectors expanded by 12.7 per cent in June 2022 as against 9.4 per cent in the year-ago period, with all sectors except crude oil registering an uptick in production. The production growth of eight infrastructure sectors was 19.3 per cent in May 2022. 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 per cent weight increased by 31.1 per cent in June, 2022 over June, 2021 and its cumulative index increased by 31.2 per cent during April to June, 2022-23 over corresponding period of the previous year. Natural Gas production having 6.88 per cent weight increased by 1.2 per cent in June, 2022 over June, 2021 and its cumulative index increased by 4.8 per cent during April to June, 2022-23 over the corresponding period of previous year. Petroleum Refinery production having 28.04 per cent weight increased by 15.1 per cent in June, 2022 over June, 2021 and its cumulative index increased by 13.5 per cent during April to June, 2022-23 over the corresponding period of previous year.
Fertilizers production having 2.63 per cent weight increased by 8.2 per cent in June, 2022 over June, 2021 and its cumulative index increased by 13.2 per cent during April to June, 2022-23 over the corresponding period of previous year. Steel production having 17.92 per cent weight increased by 3.3 per cent in June, 2022 over June, 2021 and its cumulative index increased by 6.6 per cent during April to June, 2022-23 over the corresponding period of previous year.
Cement production having 5.37 per cent weight increased by 19.4 per cent in June, 2022 over June, 2021 and its cumulative index increased by 17.1 per cent during April to June, 2022-23 over the corresponding period of previous year. Electricity generation having 19.85 per cent weight increased by 15.5 per cent in June, 2022 over June, 2021 and its cumulative index increased by 16.8 per cent during April to June, 2022-23 over the corresponding period of previous year. However, Crude Oil production having 8.98 per cent weight declined by 1.7 per cent in June, 2022 over June, 2021, while its cumulative index increased by 0.6 per cent during April to June, 2022-23 over the corresponding period of previous year.
