INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR JUNE, 2020
The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries for the Month of June, 2020.
2. The growth rate of Index of Eight Core Industries for June 2020 declined by 15.0 % (provisional) compared to decline of 22.0% (revised) in previous month of May 2020.Its cumulative growth during April to June, 2020-21 was -24.6%.
3. Final growth rate of Index of Eight Core Industries for March’2020 is revised at -8.6 %.The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).Details of yearly/monthly index and growth rate is provided atAnnexure.
4. The summary of the Index of Eight Core Industries is given below:
Coal- Coal production (weight: 10.33per cent) declinedby 15.5 per cent in June, 2020 over June,2019. Its cumulative index declined by 15.0per cent during April toJune, 2020-21over corresponding period of the previous year.
Crude Oil-Crude Oil production (weight: 8.98per cent) declined by 6.0 per cent inJune, 2020 over June,2019. Its cumulative index declined by 6.5 per cent during April toJune, 2020-21over the corresponding period of previous year.
Natural Gas- The Natural Gas production (weight:6.88per cent) declinedby12.0 per cent in June, 2020 over June,2019. Its cumulative index declined by 16.2 per cent during April to June, 2020-21 over the corresponding period of previous year.
Refinery Products- Petroleum Refinery production (weight: 28.04per cent) declined by8.9 per cent in June, 2020 over June,2019. Its cumulative index declinedby 18.2per cent during April to June, 2020-21over the corresponding period of previous year.
Fertilizers-Fertilizers production (weight: 2.63 per cent) increased by 4.2 per cent in June,2020 overJune,2019. Its cumulative index increasedby 2.8 per cent during April toJune, 2020-21 over the corresponding period of previous year.
Steel-Steel production (weight: 17.92per cent)declinedby 33.8 per cent inJune, 2020 over June,2019. Its cumulative index declined by 51.7per centduring April to June, 2020-21 over the corresponding period of previous year.
Cement-Cement production (weight:5.37per cent) declinedby6.9per cent inJune, 2020overJune,2019. Its cumulative index declinedby38.3per centduring April to June, 2020-21over the corresponding period of previous year.
Electricity- Electricity generation (weight:19.85per cent) declinedby11.0per centin June,2020over June,2019. Its cumulative indexdeclined by 16.1per cent duringApril to June, 2020-21over the corresponding period of previous year.
