India's Core Sector Output Hits 5-Month High Of 8.2 Per Cent In June

The government revised the final growth rate of the index of eight core industries for March 2023 to 4.2 per cent from its provisional level 3.6 per cent

India's eight core sectors logged growth of 8.2 per cent in June, according to data released by the Ministry of Commerce and Industry on Monday. The production of steel, coal, cement, refinery products, natural gas, fertilizers and electricity increased in June 2023 over the corresponding month of last year, as per the government data.

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The government revised the final growth rate of the index of eight core industries for March 2023 to 4.2 per cent from its provisional level 3.6 per cent.

The Index of Eight Core Industries:

Coal: Coal production (weight: 10.33 per cent) increased by 9.8 per cent in June, 2023 over June, 2022. Its cumulative index increased by 8.7 per cent during the quarter April to June, 2023-24 over corresponding period of the previous year.

Crude Oil: Crude Oil production (weight: 8.98 per cent) declined by 0.6 per cent in June, 2023 over June, 2022. Its cumulative index declined by 2.0 per cent during the quarter April to June, 2023-24 over the corresponding period of previous year.

Natural Gas: Natural Gas production (weight: 6.88 per cent) increased by 3.6 per cent in June, 2023 over June, 2022. Its cumulative index increased by 0.1 per cent during the quarter April to June, 2023-24 over the corresponding period of previous year.

Petroleum Refinery Products: Petroleum Refinery production (weight: 28.04 per cent) increased by 4.6 per cent in June, 2023 over June, 2022. Its cumulative index increased by 1.9 per cent during the quarter April to June, 2023-24 over the corresponding period of previous year.

Fertilizers: Fertilizer production (weight: 2.63 per cent) increased by 3.4 per cent in June, 2023 over June, 2022. Its cumulative index increased by 11.3 per cent during the quarter April to June, 2023-24 over the corresponding period of previous year.

Steel: Steel production (weight: 17.92 per cent) increased by 21.9 per cent in June, 2023 over June, 2022. Its cumulative index increased by 15.9 per cent during the quarter April to June, 2023-24 over the corresponding period of previous year.

Cement: Cement production (weight: 5.37 per cent) increased by 9.4 per cent in June, 2023 over June, 2022. Its cumulative index increased by 12.2 per cent during the quarter April to June, 2023-24 over the corresponding period of previous year.

Electricity: Electricity generation (weight: 19.85 per cent) increased by 3.3 per cent in June, 2023 over June, 2022. Its cumulative index increased by 1.0 per cent during the quarter April to June, 2023-24 over the corresponding period of previous year.