ECONOMY
Core industries expand by 8.9% YoY in June 2021, index for Q1 FY22 grows by 25.3%
- IBJ Bureau
- Jul 30, 2021

The combined Index of Eight Core Industries stood at 126.6 in June 2021, which increased by 8.9 per cent as compared to the June 2020 index.
The production of coal, natural gas, refinery products, fertilisers, steel, cement and electricity industries increased in June 2021 over the corresponding period last year.
The final growth rate of Index of Eight Core Industries for March 2021 had been revised to 12.6 per cent from its provisional level 6.8 per cent, the Ministry of Commerce and Industry said in a statement on Friday.
The growth rate of the Index of Eight Core Industries during April-June 2021-22 stood at 25.3 per cent as compared to the corresponding period of the last financial year.
Among the core industries, coal production increased by 7.4 per cent year on year (YoY) in June, while crude oil production saw 1.8 per cent per decline. Production of natural gas and petroleum refinery products increased by 20.6 per cent and 2.4 per cent respectively.
Fertiliser production in June increased by 2 per cent, while steel production increased significantly by 25 per cent YoY. Cement and electricity production increased by 4.3 per cent and 7.2 per cent YoY respectively in June.
The Index of Eight Core Industries measures combined and individual performance of production in select eight core industries – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
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