SME Times is powered by   
Search News
Just in:   • India-US Trade deal eases strains, opens new pathways: Dhruva Jaishankar  • Interim agreement on framework will lead to broader US-India trade deal negotiations  • Interim US trade pact to open $30 trillion market for Indian exporters: Piyush Goyal  • US deal to play pivotal role in India achieving $100 billion textiles exports in 2030  • RBI leaves repo rate unchanged, sticks to neutral policy stance 
Last updated: 31 Jul, 2020  

Industry.9.4.Thmb.jpg Core sector output falls 15 pc in June

Industry.9.4.jpg
   Top Stories
» US deal to play pivotal role in India achieving $100 billion textiles exports in 2030
» EU, US trade deals to support exports over medium-term: RBI Governor
» Ensuring energy security of 1.4 billion Indians remains govt's supreme priority: MEA
» After Budget and India-US trade deal, all eyes on RBI’s repo rate decision
» US tariffs on Indian goods among lowest after trade deal
SME Times News Bureau | 31 Jul, 2020

The production rate of India's eight major industries remained deep in the red in June 2020, official data showed on Friday.

However, the rate of fall in the Index of Eight Core Industries decelerated on a sequential basis, on account of opening up of economic activities.

On a sequential basis, the Index of Eight Core Industries for June declined by 15 per cent (provisional) compared to decline of 22 per cent (revised) during the previous month (May).

Though not comparable, the ECI index had shown a growth of 1.2 per cent in June 2019.

In a statement, the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade, said: "Its cumulative growth during April to June 2020-21 was (-)24.6 per cent."

"Final growth rate of Index of Eight Core Industries for March 2020 is revised at (-) 8.6 per cent."

The eight core industries comprise coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity. The ECI comprises over 40 per cent of the weight of items included in the Index of Industrial Production (IIP).

On sector-specific basis, the output of refinery products, which has the highest weightage of 28.03, declined (-) 8.9 per cent in June 2020 compared to the corresponding month of the last fiscal.

Similarly, electricity generation, which has the second highest weightage of 19.85, inched lower by (-) 11 per cent.

Steel production, the third most important component with weightage of 17.92, was lower by (-) 33.8 per cent during the month under review, while coal mining, with a 10.33 weightage, edged-lower by (-) 15.5 per cent.

The extraction of crude oil, which has an 8.98 weightage, declined by (-) 6 per cent during the month under consideration.

The sub-index for natural gas output, with a weightage of 6.88, declined by (-) 12 per cent.

Cement production, which has a weightage of 5.37, slid by (-) 6.9 per cent in the month under review.

However, fertiliser manufacturing, which has the least weightage -- only 2.63 -- rose by 4.2 per cent last month.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.2
₹89.5
UK Pound
₹123.35
₹119.35
Euro
₹107
₹103.35
Japanese Yen ₹57.9 ₹56.1
As on 22 Jan, 2026
  Daily Poll
What is your primary "Make or Break" expectation from the Finance Minister this year?
 The Tax Relief
 The Working Capital Fix
 The Compliance Holiday
 The Payment Shield
 The Tech Subsidy
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter