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: 29 Mar, 2024  

Industry.9.Thmb.jpg Core sector industries clock 6.7 pc growth in Feb

core-industry.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
IANS | 28 Mar, 2024
The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.7 per cent growth in February this year compared to the same month of the previous year, according to an official figures released on Thursday.

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) and therefore give a good indication of the overall industrial growth rate.

Both cement and coal posted a robust double digit growth in production of 10.2 per cent and 11.6 per cent respectively in February. Steel production recorded an 8.4 per cent increase during the month while electricity generation, which has a 19.85 per cent weight in the index, increased by 6.3 per cent.

Crude Oil production increased by 7.9 per cent in February while natural gas production increased by 11.3 per cent. Petroleum Refinery production, which has a weight of 28.04 per cent in the index, clocked a 2.6 per cent increase in production during the month.

However, fertilizer production declined by 9.5 per cent during February.

The final growth rate of Index of Eight Core Industries (ICI) for November 2023 has been revised to 7.9 per cent.

The cumulative growth rate of the index of core industries during April to February, 2023-24 now works out to 7.7 per cent compared to the corresponding period of last year.

 
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