India's Key Infra Sector Growth Jumps To 14-Month High Of 12.1 Per Cent In August

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production

Steel production (weight: 17.92 per cent) increased by 10.9 per cent in August, 2023 over August, 2022. Its cumulative index increased by 14.8 per cent during April to August, 2023-24 over corresponding period of the previous year.

Source : Getty

The growth of eight key infrastructure sectors rose to a 14-month high of 12.1 per cent in August 2023 against 4.2 per cent a year ago, mainly due to expansion in production of coal, crude oil, and natural gas, according to the official data released on Friday. The expansion in August is the highest since June 2022, when it was 13.2 per cent.

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The final growth rate of Index of Eight Core Industries for May 2023 is revised to 5.2 per cent. The cumulative growth rate of ICI during April to August, 2023-24 is 7.7 per cent (provisional) as compared to the corresponding period of last year. The summary of the Index of Eight Core Industries is given below:

Cement: Cement production (weight: 5.37 per cent) increased by 18.9 per cent in August, 2023 over August, 2022. Its cumulative index increased by 12.7 per cent during April to August, 2023-24 over corresponding period of the previous year.

Coal: Coal production (weight: 10.33 per cent) increased by 17.9 per cent in August, 2023 over August, 2022. Its cumulative index increased by 11.5per cent during April to August, 2023-24 over corresponding period of the previous year.

Crude Oil: Crude Oil production (weight: 8.98 per cent) increased by 2.1 per cent in August, 2023 over August, 2022. Its cumulative index declined by 0.4 per cent during April to August, 2023-24over corresponding period of the previous year.

Electricity: Electricity generation (weight: 19.85 per cent) increased by 14.9 per cent in August, 2023 over August, 2022. Its cumulative index increased by 5.3 per cent during April to August, 2023-24 over corresponding period of the previous year.

Fertilisers: Fertiliser production (weight: 2.63 per cent) increased by 1.8 per cent in August, 2023 over August, 2022. Its cumulative index increased by 7.5 per cent during April to August, 2023-24 over corresponding period of the previous year.

Natural Gas: Natural Gas production (weight: 6.88 per cent) increased by 10.0 per cent in August, 2023 over August, 2022. Its cumulative index increased by 3.9 per cent during April to August, 2023-24 over corresponding period of the previous year.

Petroleum Refinery Products: Petroleum Refinery production (weight: 28.04 per cent) increased by 9.5 per cent in August, 2023 over August, 2022. Its cumulative index increased by 3.7 per cent during April to August, 2023-24 over corresponding period of the previous year.

Steel: Steel production (weight: 17.92 per cent) increased by 10.9 per cent in August, 2023 over August, 2022. Its cumulative index increased by 14.8 per cent during April to August, 2023-24 over corresponding period of the previous year.