Core industries register 4.7% growth in April 2018
According to index of eight core industries released by Ministry of Commerce and Industry, eight core infrastructure sectors grew by 4.7% higher in April 2018. It was driven by healthy performance in segments like coal, natural gas and cement.
Sector wise breakaway in April 2018
Coal production: Increased by 2.6%.
Crude Oil production: Declined by 0.8%.
Natural Gas production: Increased by 7.4%.
Petroleum Refinery production: Increased by 2.7%.
Fertilizers production: Increased by 4.6%.
Steel production: Increased by 3.5%
Cement production: Increased by 16.6%.
Electricity generation: Increased by 2.2%.
Core industries
Core industries can be defined as main or key industries of the economy. In most countries, these particular industry are backbone of all other industries. In India, there are eight core sectors comprising of coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity. The eight infrastructure sectors, constitute 40.27% of the total index of industrial production (IIP).
Revised weightage in core sectors: Petroleum Refinery production (weight: 28.04%), Electricity generation (19.85%), Steel production (17.92%), Coal production (10.33%), Crude Oil production (8.98%), Natural Gas production (6.88%), Cement production (5.37%), Fertilizers production (2.63%).
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Month: Current Affairs - June, 2018