The combined index of eight core industries (ICI) grew by 7.4 per cent (provisional) in December 2022 as compared to the index for December 2021, according to the government data released on Tuesday.
The production of coal, electricity, steel, cement, fertiliser, refinery products and natural gas has increased in December 2022 as compared to the same month last year.
The ICI measures the combined and individual performance of the output of eight major industries. coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.
The details of annual and monthly indices and growth rates are given in Annexure I and II respectively.
The final growth rate of the index of eight core industries for September 2022 has been revised upwards to 8.3 per cent from the provisional level of 7.9 per cent. The cumulative growth rate of ICI during April-December 2022 over the corresponding period of last year stood at 8.0 per cent (provisional).
Index of Eight Core Industries:
- Coal – Coal production (weight: 10.33 per cent) increased by 11.5 per cent in December 2022 over December 2021. Its cumulative index increased by 16.4 per cent during April to December, 2022 over the corresponding period of previous year.
- crude oil Crude oil production (weight: 8.98 per cent) declined by 1.2 per cent in December 2022 over December 2021. Its cumulative index declined by 1.3 per cent during April to December, 2022 over the corresponding period of previous year.
- natural gas Natural gas production (weight: 6.88 percent) increased by 2.6 percent in December 2022 over December 2021. Its cumulative index increased by 0.9 percent during April to December, 2022 over the corresponding period of the previous year.
- petroleum refinery products – Petroleum refinery production (weight: 28.04 per cent) increased by 3.7 per cent in December 2022 over December 2021. Its cumulative index increased by 5.5 per cent during April to December, 2022 over the corresponding period of previous year.
- fertilizer Fertilizer production (weight: 2.63 per cent) increased by 7.3 per cent in December 2022 over December 2021. Its cumulative index increased by 9.6 per cent during April to December, 2022 over the corresponding period of previous year.
- steel Steel production (weight: 17.92 per cent) increased by 9.2 per cent in December 2022 over December 2021. Its cumulative index increased by 7.7 per cent during April to December, 2022 over the corresponding period of previous year.
- cement – Cement production (weight: 5.37 per cent) increased by 9.1 per cent in December 2022 over December 2021. Its cumulative index increased by 10.6 per cent during April to December, 2022 over the corresponding period of previous year.
- Electricity – Electricity generation (weight: 19.85 percent) increased by 10.0 percent in December 2022 over December 2021. Its cumulative index increased by 9.8 per cent during April to December, 2022 over the corresponding period of previous year.
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