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India's core industries' output rises in June

Fertilisers, coal refinery products, cement, steel and electricity industries reported healthy output

Policy Pulse
Publish Date: Aug 2 2016 10:51AM | Updated Date: Aug 2 2016 10:51AM

India's core industries' output rises in June

 Infrastructure sector output in eight "core" sectors in the country increased by 5.2 percent in June compared with the same month last year and 2.8 per cent growth in May 2016, on the back of overall increase in production except in hydrocarbons, an official data said.

 
Cumulative ECI growth during April-June was 5.4 percent over the same quarter last year, according to the data released by the Commerce Ministry in the national capital.
 
The index comprises 38 per cent of the total weightage of items included in the Index of Industrial Production (IIP).
 
Fertilisers, coal refinery products, cement, steel and electricity industries reported healthy output, whereas production of natural gas and crude oil dipped.
 
Electricity generation, which has the highest weightage of 10.32 per cent in the IIP, augmented by 8.1 per cent in June, compared with the corresponding month of 2015.
 
Steel production increased by only 2.4 per cent in the month under review.
 
Distilling of refinery products, the third most important component as per weightage, inched up by 3.5 per cent in June, compared with the corresponding month of last year.
 
But extraction of crude oil, which has a 5.22 per cent weightage in IIP, fall by 4.3 per cent during June.
 
In contrast, coal mining, with a 4.38 per cent weightage, increased during the month under consideration by an impressive 12 per cent.
 
Cement production, which has the weightage of 2.41 per cent, increased by 10.3 per cent in June 2016, over the same month last year.
 
Sub-index for natural gas output, with a weightage of 1.71 per cent, declined by 4.5 per cent during the month under consideration.
 
But the fertiliser manufacturing, which has the least weightage of only 1.25 per cent, rose 9.8 per cent in June.