Infra growth slows down to 4.8 pct in Oct; coal, steel, cement production rise
The combined Index of Eight Core Industries stood at 134.8 in October 2018, which was 4.8 per cent higher as compared to the index of October 2017. Its cumulative growth during April to October 2018-19 was 5.4 per cent.
The growth rate of eight infrastructure sectors slowed down to 4.8 per cent in October due to contraction in the production of crude oil, natural gas and fertiliser, according to the data released by the commerce and industry ministry today.
The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 134.8 in October 2018, which was 4.8 per cent higher as compared to the index of October 2017. Its cumulative growth during April to October 2018-19 was 5.4 per cent.
1. Coal: Coal production increased by 10.6 per cent in October 2018 over October 2017. Its cumulative index increased by 9.8 per cent during April to October, 2018-19 over corresponding period of the previous year.
2. Crude Oil: Crude Oil production declined by 5.0 per cent in October 2018 over October 2017. Its cumulative index declined by 3.6 per cent during April to October, 2018-19over the corresponding period of previous year.
3. Natural Gas: The Natural Gas production declined by 0.9 per cent in October 2018 over October 2017. Its cumulative index declined by 0.8 per cent during April to October, 2018-19 over the corresponding period of previous year.
4. Refinery Products: Petroleum Refinery production increased by 1.3 per cent in October 2018 over October 2017. Its cumulative index increased by 5.8 per cent during April to October, 2018-19 over the corresponding period of previous year.
5. Fertilizers: Fertilizers production declined by 11.5 per cent in October 2018 over October 2017. Its cumulative index declined by 0.3 per cent during April to October, 2018-19 over the corresponding period of previous year.
6. Steel: Steel production increased by 2.2 per cent in October 2018 over October 2017. Its cumulative index increased by 3.3 per cent during April to October, 2018-19 over the corresponding period of previous year.
7. Cement: Cement production increased by 18.4 per cent in October 2018 over October 2017. Its cumulative index increased by 15.0 per cent during April to October, 2018-19 over the corresponding period of previous year.
8. Electricity: Electricity generation increased by 11.4 per cent in October 2018 over October 2017. Its cumulative index increased by 6.9 per cent during April to October, 2018-19 over the corresponding period of previous year.
Meanwhile, release of the index for November 2018 will be on December 31, 2018.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
06:58 PM IST