New Delhi: The output of eight core sectors grew by 11.6 percent in August, mainly due to uptick in cement, coal, and natural gas production, official data showed on Thursday.
Eight coal infrastructure sectors, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity have been contracted by 6.9 percent in August 2020 because of national locking imposed to control the spread of Covid-19.
Eight core industries consist of 40.27 percent of the weight of items included in the industrial production index (IIP).
According to trade data and the Ministry of Industry, coal production, natural gas, refinery products, steel, cement and electricity increased in August 2021 for the period in accordance last year.
On the other hand, the crude oil and fertilizer industry output decreases.
Coal production and natural gas increased by 20.6 percent in August 2021 compared to the same month the previous year.
The output of the cement sector rose 36.3 percent and steel by 5.1 percent in August 2021 every year.
The production of petroleum refineries rose by 9.1 percent and electricity generation rose 15.3 percent.
However, crude oil production fell 2.3 percent in August-to-year.
Fertilizer production is too slipped by 3.1 percent.
The growth rate of this infrastructure industry during April-August 2021-22 was established at 19.3 percent, such as the contraction of 17.3 percent in the period last year.
Meanwhile, the final growth rate of the eight industries of the core industry for May 202 has been revised down to 16.4 percent of the previous estimate of 16.8 percent.
Eight Core Output Sector rose 11.6% in August
