SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 31 Mar, 2021  

Industry.9.Thmb.jpg Eight core industries' production plunges in Feb

Industry.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 31 Mar, 2021
India's eight major industries' output plummeted during February 2021, official data showed on Wednesday.

The Index of Eight Core Industries' reading for last month showed a decline of 4.6 per cent in output from an expansion of 6.4 per cent in the same month last year.

On a sequential basis, the output of eight major industries had expanded by 0.9 per cent in January 2021.

ECI index comprises 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

These industries comprise coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity.

On a sector specific basis, the output of coal, which has a weight of 10.33 per cent in the index, showed a decline of (-) 4.4 per cent in February 2021 over the same month of the previous year.

Similarly, the output of refinery products, which has the highest weightage of 28.04, declined 10.9 per cent compared to the corresponding month of the last fiscal.

The electricity generation, which has the second highest weightage of 19.85, decreased by 0.2 per cent, whereas the steel production was down 1.8 per cent last month.

The extraction of crude oil, which has an 8.98 weightage, declined by 3.2 per cent during the month under consideration.

The sub-index for natural gas output, with a weightage of 6.88, fell by 1 per cent.

Cement production, which has a weightage of 5.37, slid by 5.5 per cent in the month under review.

Fertiliser manufacturing, which has the least weightage -- only 2.63 -- also fell by 3.7 per cent.


 
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
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
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter