INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR FEBRUARY, 2021
The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries for the Month of February, 2021.
The combined Index of Eight Core Industries stood at 127.8 in February,2021, which declined by4.6 (provisional) per cent as compared to the Index of February, 2020.Its cumulative growth during April to February, 2020-21 has been(-) 8.3%.
Final growth rate of Index of Eight Core Industries for November, 2020 is revised to(-) 1.1%from its provisional level(-2.6%).The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).Details of yearly and monthly index and their growth rate are provided atAnnexure I & II.
Monthly growth rates of Index of Eight Core Industries (Overall) is depicted in the graph above:
*provisional
The summary of the Index of Eight Core Industries is given below:
Coal-Coal production (weight: 10.33per cent) declined by 4.4per cent in February, 2021 over February,2020. Its cumulative index declined by 2.2 per cent during April to February, 2020-21over corresponding period of the previous year.
Crude Oil-Crude Oil production (weight: 8.98per cent) declined by 3.2 per cent in February, 2021 over February,2020. Its cumulative index declined by 5.4 per cent during April to February, 2020-21over the corresponding period of previous year.
Natural Gas- The Natural Gas production (weight:6.88per cent) declinedby 1.0 per cent in February, 2021 over February,2020. Its cumulative index declined by 9.9 per cent during April to February, 2020-21 over the corresponding period of previous year.
Petroleum Refinery Products- Petroleum Refinery production (weight:28.04per cent) declined by10.9 per cent in February, 2021 over February,2020. Its cumulative index declinedby 12.2per cent during April to February, 2020-21over the corresponding period of previous year.
Fertilizers-Fertilizers production (weight:2.63 per cent)declined by3.7 per cent in February,2021 overFebruary,2020. Its cumulative index increasedby 2.4 per cent during April toFebruary,2020-21 over the corresponding period of previous year.
Steel-Steel production (weight:17.92per cent)declinedby1.8 per cent inFebruary, 2021 over February,2020. Its cumulative index declined by 12.4 per centduring April to February, 2020-21 over the correspondingperiod of previous year.
Cement-Cement production (weight:5.37per cent) declinedby5.5per cent inFebruary, 2021 overFebruary,2020. Its cumulative index declinedby15.5 per centduring April to February, 2020-21over the corresponding period of previous year.
Electricity- Electricity generation (weight:19.85per cent) declinedby0.2 per cent in February,2021over February,2020. Its cumulative indexdeclined by 2.5per cent duringApril to February, 2020-21over the corresponding period of previous year.
Note 1: Data for December, 2020, January, 2021and February, 2021are provisional.
Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.
Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.
Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.
Note5: Release of the index for March, 2021 will be on Friday 30th April, 2021.
Annexure I
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2011-12=100
Index
| Sector | Weight | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | Apr- Feb 2019-20 | Apr- Feb 2020-21* |
| Coal | 10.3335 | 103.2 | 104.2 | 112.6 | 118.0 | 121.8 | 124.9 | 134.1 | 133.6 | 126.7 | 123.9 |
| Crude Oil | 8.9833 | 99.4 | 99.2 | 98.4 | 97.0 | 94.5 | 93.7 | 89.8 | 84.5 | 84.4 | 79.8 |
| Natural Gas | 6.8768 | 85.6 | 74.5 | 70.5 | 67.2 | 66.5 | 68.4 | 69.0 | 65.1 | 65.6 | 59.1 |
| Refinery Products | 28.0376 | 107.2 | 108.6 | 108.8 | 114.1 | 119.7 | 125.2 | 129.1 | 129.4 | 128.9 | 113.1 |
| Fertilizers | 2.6276 | 96.7 | 98.1 | 99.4 | 106.4 | 106.6 | 106.6 | 107.0 | 109.8 | 110.9 | 113.5 |
| Steel | 17.9166 | 107.9 | 115.8 | 121.7 | 120.2 | 133.1 | 140.5 | 147.7 | 152.6 | 154.4 | 135.2 |
| Cement | 5.3720 | 107.5 | 111.5 | 118.1 | 123.5 | 122.0 | 129.7 | 147.0 | 145.7 | 147.1 | 124.4 |
| Electricity | 19.8530 | 104.0 | 110.3 | 126.6 | 133.8 | 141.6 | 149.2 | 156.9 | 158.4 | 159.4 | 155.5 |
| Overall Index | 100.00 | 103.8 | 106.5 | 111.7 | 115.1 | 120.5 | 125.7 | 131.2 | 131.6 | 131.4 | 120.5 |
*provisional
Growth Rates (on Y-o-Y basis in per cent)
| Sector | Weight | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | Apr- Feb 2019-20 | Apr- Feb 2020-21* |
| Coal | 10.3335 | 3.2 | 1.0 | 8.0 | 4.8 | 3.2 | 2.6 | 7.4 | -0.4 | -1.0 | -2.2 |
| Crude Oil | 8.9833 | -0.6 | -0.2 | -0.9 | -1.4 | -2.5 | -0.9 | -4.1 | -5.9 | -6.0 | -5.4 |
| Natural Gas | 6.8768 | -14.4 | -12.9 | -5.3 | -4.7 | -1.0 | 2.9 | 0.8 | -5.6 | -4.8 | -9.9 |
| Refinery Products | 28.0376 | 7.2 | 1.4 | 0.2 | 4.9 | 4.9 | 4.6 | 3.1 | 0.2 | 0.3 | -12.2 |
| Fertilizers | 2.6276 | -3.3 | 1.5 | 1.3 | 7.0 | 0.2 | 0.03 | 0.3 | 2.7 | 4.1 | 2.4 |
| Steel | 17.9166 | 7.9 | 7.3 | 5.1 | -1.3 | 10.7 | 5.6 | 5.1 | 3.4 | 6.1 | -12.4 |
| Cement | 5.3720 | 7.5 | 3.7 | 5.9 | 4.6 | -1.2 | 6.3 | 13.3 | -0.9 | 1.8 | -15.5 |
| Electricity | 19.8530 | 4.0 | 6.1 | 14.8 | 5.7 | 5.8 | 5.3 | 5.2 | 0.9 | 1.8 | -2.5 |
| Overall Growth | 100.00 | 3.8 | 2.6 | 4.9 | 3.0 | 4.8 | 4.3 | 4.4 | 0.4 | 1.3 | -8.3 |
*provisional
Annexure II
Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2011-12=100
Index
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Index |
| Weight | 10.3335 | 8.9833 | 6.8768 | 28.0376 | 2.6276 | 17.9166 | 5.3720 | 19.8530 | 100.00 |
| Feb-20 | 171.1 | 75.6 | 58.3 | 128.9 | 107.8 | 152.9 | 160.7 | 153.6 | 134.0 |
| Mar-20 | 209.7 | 85.0 | 60.1 | 135.3 | 98.3 | 133.2 | 129.8 | 146.9 | 134.0 |
| Apr-20 | 103.7 | 80.2 | 53.3 | 94.2 | 85.0 | 26.9 | 22.5 | 125.6 | 81.2 |
| May-20 | 109.4 | 82.0 | 57.2 | 102.0 | 113.4 | 96.4 | 117.3 | 150.6 | 107.7 |
| Jun-20 | 104.3 | 79.6 | 58.1 | 110.6 | 114.6 | 122.3 | 137.8 | 156.2 | 116.3 |
| Jul-20 | 100.3 | 83.0 | 61.2 | 114.5 | 119.4 | 141.9 | 126.8 | 166.3 | 122.5 |
| Aug-20 | 98.2 | 81.2 | 61.0 | 105.9 | 120.8 | 150.7 | 109.1 | 162.7 | 119.7 |
| Sep-20 | 105.6 | 78.3 | 57.5 | 106.3 | 113.5 | 149.9 | 126.8 | 166.4 | 121.4 |
| Oct-20 | 122.4 | 80.9 | 60.6 | 111.5 | 122.8 | 158.4 | 141.3 | 162.2 | 126.7 |
| Nov-20 | 137.9 | 78.3 | 58.4 | 126.5 | 118.5 | 156.0 | 132.1 | 144.8 | 127.7 |
| Dec-20* | 156.2 | 80.5 | 60.8 | 126.9 | 117.0 | 169.5 | 147.8 | 157.9 | 135.9 |
| Jan-21* | 161.6 | 81.1 | 64.0 | 130.9 | 119.7 | 165.1 | 154.6 | 164.2 | 138.7 |
| Feb-21* | 163.6 | 73.2 | 57.7 | 114.8 | 103.9 | 150.2 | 151.8 | 153.2 | 127.8 |
*provisional
Growth Rates (on Y-o-Y basis in per cent)
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Growth |
| Weight | 10.3335 | 8.9833 | 6.8768 | 28.0376 | 2.6276 | 17.9166 | 5.3720 | 19.8530 | 100.00 |
| Feb-20 | 11.3 | -6.4 | -9.6 | 7.4 | 2.9 | 2.9 | 7.8 | 11.5 | 6.4 |
| Mar-20 | 4.0 | -5.5 | -15.1 | -0.5 | -11.9 | -21.9 | -25.1 | -8.2 | -8.6 |
| Apr-20 | -15.5 | -6.4 | -19.9 | -24.2 | -4.5 | -82.8 | -85.2 | -22.9 | -37.9 |
| May-20 | -14.0 | -7.1 | -16.8 | -21.3 | 7.5 | -40.4 | -21.4 | -14.8 | -21.4 |
| Jun-20 | -15.5 | -6.0 | -12.0 | -8.9 | 4.2 | -23.2 | -6.8 | -10.0 | -12.4 |
| Jul-20 | -5.7 | -4.9 | -10.2 | -13.9 | 6.9 | -6.5 | -13.5 | -2.4 | -7.6 |
| Aug-20 | 3.6 | -6.3 | -9.5 | -19.1 | 7.3 | 0.5 | -14.5 | -1.8 | -6.9 |
| Sep-20 | 21.0 | -6.0 | -10.6 | -9.5 | -0.3 | 6.2 | -3.4 | 4.8 | 0.6 |
| Oct-20 | 11.7 | -6.2 | -8.6 | -17.0 | 6.3 | 5.9 | 3.2 | 11.2 | -0.5 |
| Nov-20 | 3.3 | -4.9 | -9.3 | -4.8 | 1.6 | 0.7 | -7.3 | 3.5 | -1.1 |
| Dec-20* | 2.2 | -3.6 | -7.2 | -2.8 | -2.9 | 2.6 | -7.2 | 5.1 | 0.2 |
| Jan-21* | -1.9 | -4.6 | -2.0 | -2.6 | 2.7 | 6.2 | -5.8 | 5.5 | 0.9 |
| Feb-21* | -4.4 | -3.2 | -1.0 | -10.9 | -3.7 | -1.8 | -5.5 | -0.2 | -4.6 |
*provisional
