Core Sector Output Rises By 5.4 Per Cent In November Against 3.2 Per Cent YoY: Govt
The growth rate of eight infrastructure sectors stood at 8 per cent in April-November this fiscal as against 13.9 per cent during the same period last fiscal
Production of eight infrastructure sectors increased by 5.4 per cent in November against a 3.2 per cent growth in the same month last year on a better show by coal, fertiliser, steel, cement, and electricity segments, according to the official data released on Friday.
Crude oil, natural gas and refinery products, however, recorded negative growth in November this year. The production growth of eight key sectors slowed down to 0.9 per cent in October.
The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- stood at 8 per cent in April-November this fiscal as against 13.9 per cent during the same period last fiscal.
The production of coal rose by 12.3 per cent, fertiliser by 6.4 per cent, steel by 10.8 per cent, cement by 28.6 per cent and electricity by 12.1 per cent in November 2022 compared to a year ago.
Core sectors industries, which have 40.27 per cent weight in the overall index of industrial production (IIP), would also have a bearing on industrial production data.
The IIP data for November is expected to be released by the government in the second week of January 2023.
Final growth rate of index of eight core industries for August 2022 is revised to 4.2 per cent from its provisional level 3.3 per cent. The cumulative growth rate of ICI during April-November 2022 was 8.0 per cent (provisional) as compared to the corresponding period of last year.
The summary of the index of eight core industries is given below as per government data.
Coal - Coal production (weight: 10.33 per cent) increased by 12.3 per cent in November, 2022 over November, 2021. Its cumulative index increased by 17.2 per cent during April to November 2022 over corresponding period of the previous year.
Crude Oil - Crude Oil production (weight: 8.98 per cent) declined by 1.1 per cent in November, 2022 over November, 2021. Its cumulative index declined by 1.4 per cent during April to November, 2022 over the corresponding period of previous year.
Natural Gas - Natural Gas production (weight: 6.88 per cent) declined by 0.7 per cent in November, 2022 over November, 2021. Its cumulative index increased by 0.7 per cent during April to November, 2022 over the corresponding period of previous year.
Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) declined by 9.3 per cent in November, 2022 over November, 2021. Its cumulative index increased by 5.7 per cent during April to November, 2022 over the corresponding period of previous year.
Fertilizers - Fertilizers production (weight: 2.63 per cent) increased by 6.4 per cent in November, 2022 over November, 2021. Its cumulative index increased by 10.0 per cent during April to November, 2022 over the corresponding period of previous year.
Steel - Steel production (weight: 17.92 per cent) increased by 10.8 per cent in November, 2022 over November, 2021. Its cumulative index increased by 7.1 per cent during April to November, 2022 over the corresponding period of previous year.
Cement - Cement production (weight: 5.37 per cent) increased by 28.6 per cent in November, 2022 over November, 2021. Its cumulative index increased by 10.8 per cent during April to November, 2022 over the corresponding period of previous year.
Electricity - Electricity generation (weight: 19.85 per cent) increased by 12.1 per cent in November, 2022 over November, 2021. Its cumulative index increased by 9.7 per cent during April to November, 2022 over the corresponding period of previous year.
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