India's Eight Core Sectors' Output Grows At Six-Month High Of 8.4 Per Cent In April

by Swarajya Staff - May 31, 2022 08:24 PM +05:30 IST
India's Eight Core Sectors' Output Grows At Six-Month High Of 8.4 Per Cent In AprilElectricity is one of the eight core industries (Representative Image) 

Production growth of eight infrastructure sectors rose to a six-month high of 8.4 per cent in April on the back of better performance by coal, refinery products and electricity segments, according to official data released on Tuesday.

India's combined Index of eight core Industries stood at 143.2 in April 2022, which is an increase of 8.4 per cent (provisional) as compared to the Index of April 2021, an official release said on Tuesday (31 May).

The production of coal, electricity, refinery products, fertilisers, cement and natural gas industries increased in April 2022 over the corresponding period of last year.

The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

The output growth in April is the highest since October 2021 when the core sector grew by 8.7 per cent.

According to the data, coal output rose sharply by 28.8 per cent while electricity production increased by 10.7 per cent.

The output of petroleum refinery products increased by 9.2 per cent in April 2022. The production of natural gas increased by 6.4 per cent, fertilisers by 8.7 per cent, and cement by 8 per cent.

Meanwhile,the output of crude oil contracted by 0.9 per cent against a 2.1 per cent decline in April, the data showed. Steel production dipped by 0.7 per cent during the month.

(With inputs from PTI)

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments ↓
Get Swarajya in your inbox everyday. Subscribe here.
Advertisement

Latest Articles

    Artboard 4Created with Sketch.