Output of eight core sectors hits 13-month high of 18.1% in May
The growth of eight core infrastructure industries grew to 13-month high of 18.1 per cent in May 2022, led by healthy growth in coal, crude oil, fertilisers, cement and electricity production. The growth of core infrastructure sectors expanded by 16.4 per cent in the year-ago period and 9.3 per cent in April 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 25.1 per cent in May, 2022 over May, 2021 and its cumulative index increased by 26.9 per cent during April to May, 2022-23 over corresponding period of the previous year. Crude Oil production having 8.98 per cent weight increased by 4.6 per cent in May, 2022 over May, 2021 and its cumulative index increased by 1.8 per cent during April to May, 2022-23 over the corresponding period of previous year. Natural Gas production having 6.88 per cent weight increased by 7.0 per cent in May, 2022 over May, 2021 and its cumulative index increased by 6.7 per cent during April to May, 2022-23 over the corresponding period of previous year.
Petroleum Refinery production having 28.04 per cent weight increased by 16.7 per cent in May, 2022 over May, 2021 and its cumulative index increased by 12.8 per cent during April to May, 2022-23 over the corresponding period of previous year. Fertilizers production having 2.63 per cent weight increased by 22.8 per cent in May, 2022 over May, 2021 and its cumulative index increased by 16.3 per cent during April to May, 2022-23 over the corresponding period of previous year. Steel production having 17.92 per cent weight increased by 15.0 per cent in May, 2022 over May, 2021 and its cumulative index increased by 8.4 per cent during April to May, 2022-23 over the corresponding period of previous year.
Cement production having 5.37 per cent weight increased by 26.3 per cent in May, 2022 over May, 2021 and its cumulative index increased by 15.9 per cent during April to May, 2022-23 over the corresponding period of previous year. Electricity generation having 19.85 per cent weight increased by 22.0 per cent in May, 2022 over May, 2021 and its cumulative index increased by 16.7 per cent during April to May, 2022-23 over the corresponding period of previous year.
