|
|
|
Core sectors' output up 9.4% in July
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 31 Aug, 2021
Easing Covid restrictions, along with pent-up demand, accelerated the
output of India's eight major industries in July on a year-on-year
basis.
The Index of Eight Core Industries (ICI) readings for the
last month showed an expansion of 9.4 per cent from a decline of 7.6 per
cent in output during the same month of the previous year.
On a sequential basis, the core industrial growth during June stood at 9.3 per cent.
The
ICI index comprises 40.27 per cent of the weight of items included in
the Index of Industrial Production (IIP), and these industries comprise
coal, crude oil, natural gas, refinery products, fertilisers, steel,
cement and electricity.
"The combined Index of Eight Core
Industries stood at 134 in July 2021, which increased by 9.4 per cent
(provisional) as compared to the Index of July 2020," the Ministry of
Commerce & Industry said in a statement.
"The production of
coal, natural gas, refinery products, fertilisers, steel, cement, and
electricity industries increased in July 2021 over the corresponding
period of last year."
As per the statement, final growth rate of
the ICI for April 2021 has been revised to 62.6 per cent from its
provisional level of 56.1 per cent.
"The growth rate of ICI during April-July 2021-22 was 21.2 per cent (P) as compared to the corresponding period of last FY."
On
a sector-specific basis, the output of coal, which has a weightage of
10.33 per cent in the index, showed a growth of 18.7 per cent in July
2021 over the same month of the previous year.
Similarly, the
output of refinery products, which has the highest weightage of 28.04
per cent, rose by 6.7 per cent, compared to the corresponding month of
the last fiscal.
Electricity generation, which has the second
highest weightage of 19.85 per cent, rose by 9 per cent, whereas steel
production was up 9.3 per cent last month.
However, the
extraction of crude oil, which has an weightage of 8.98 per cent,
declined by (-)3.2 per cent during the month under consideration, though
the sub-index for natural gas output, with a weightage of 6.88 per
cent, rose by 18.9 per cent.
Cement production, which has a weightage of 5.37 per cent, rose by 21.8 per cent in the month under review.
Fertiliser manufacturing, which has the least weightage -- only 2.63 per cent -- grew by 0.5 per cent.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|