India's core sector output growth slows to 2.5% in April

news
31 May 2017

Core sector industrial production in the country expanded at a slower pace of 2.5 per cent in April against the 5 per cent growth recorded in March amidst a decline in the production key inputs including coal crude oil and cement.

Core sector output had grown at a faster clip of 8.6 per cent in April last year.

Output in the eight core sector industries comprising coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity, which carry nearly 38 per cent of the weight of items included in the Index of Industrial Production (IIP), expanded at a cumulative 4.8 per cent in April-March 2016-17.

The base year of the index of eight core industries has been revised from the year 2004-05 to 2011-12 with effect from April 2017. The shift is in line with the new base year of Index of Industrial Production (IIP).

Growth in coal production, which has a weight of 10.33 per cent in the index of industrial production (IIP), declined by 3.8 per cent in April 2017 while its cumulative production increased by 3.2 per cent during April-March 2016-17 over corresponding period of the previous year.

Crude oil production (weight of 8.98 per cent in IIP) declined by 0.6 per cent in April 2017 while its cumulative production declined by 2.5 per cent during April-March 2016-17.

Production of natural gas (weight of 6.88 per cent in IIP) increased by 2.0 per cent in April 2017 while its cumulative production declined by 1.0 per cent during April-March 2016-17.

Refinery production (weight of 28.04 per cent in IIP) increased by 0.2 per cent in April 2017 while its cumulative production increased by 4.9 per cent during April-March 2016-17.

Fertilizer production (weight of 2.63 per cent in IIP) increased by 6.2 per cent in April 2017 while its cumulative production increased by 0.2 per cent during April-March 2016-17.

Steel production (weight of 17.92 per cent in IIP) increased by 9.3 per cent in April 2017 while its cumulative production increased by 10.7 per cent during April-March 2016-17.

Cement production (weight of 5.37 per cent in IIP) declined by 3.7 per cent in April 2017 while its cumulative production declined by 1.2 per cent during April-March 2016-17.

Electricity generation (weight of 19.85 per cent in IIP) increased by 4.7 per cent in April 2017 while its cumulative index increased by 5.9 per cent during April-March 2016-17.





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