Base Year of the Index of Eight Core Industries revised from 2004-05 to 2011-12 from April 2017
The Eight core infrastructure industries have showed 2.5% growth in output for April 2017 over April 2017. Its cumulative output growth had stood at 4.8% 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 from April 2017. The shift is in line with the new base year of Index of Industrial Production (IIP). The industries covered in the Index of Eight Core are namely Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. These remain the same as in the 2004-05 series. The revised basket of Eight Core Industries is aligned to the new series of IIP (2011-12) as far as possible. The revised Eight Core Industries have a combined weight of 40.27% in the IIP.
Coal production (weight: 10.33%) declined by 3.8% in April 2017 over April 2016. Its cumulative index increased by 3.2% in April-March 2016-17 over corresponding period of the previous year.
Crude Oil production (weight: 8.98%) declined by 0.6% in April 2017 over April 2016. Its cumulative index declined by 2.5% in April-March 2016-17 over the corresponding period of previous year.
The Natural Gas production (weight: 6.88%) increased by 2.0% in April 2017 over April 2016. Its cumulative index declined by 1.0% in April-March 2016-17 over the corresponding period of previous year.
Petroleum Refinery production (weight: 28.04%) increased by 0.2% in April 2017 over April 2016. Its cumulative index increased by 4.9% in April-March 2016-17 over the corresponding period of previous year.
Fertilizer production (weight: 2.63%) increased by 6.2% in April 2017 over April 2016. Its cumulative index increased by 0.2% in April-March 2016-17 over the corresponding period of previous year.
Steel production (weight: 17.92%) increased by 9.3% in April 2017 over April 2016. Its cumulative index increased by 10.7% in April-March 2016-17 over the corresponding period of previous year.
Cement production (weight: 5.37%) declined by 3.7% in April 2017 over April 2016. Its cumulative index declined by 1.2% in April-March 2016-17 over the corresponding period of previous year.
Electricity generation (weight: 19.85%) increased by 4.7% in April 2017 over April 2016. Its cumulative index increased by 5.9% in April-March 2016-17 over the corresponding period of previous year.
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