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A sharp drop in steel, cement and crude oil production hit the output of eight core sectors with growth contracting by 1.3 per cent in November compared to the year-ago period. The Eight Core Industries comprise nearly 38% of the weight of items included in the Index of Industrial Production (IIP).
Highlights of all the core sectors:
Coal:
Coal production (weight: 4.38%) increased by 3.5% in November, 2015 over November, 2014.
Crude Oil
Crude Oil production (weight: 5.22%) decreased by 3.3% in November, 2015 over November, 2014.
Natural Gas
The Natural Gas production (weight: 1.71%) declined by 3.9 % in November, 2015.
Refinery Products (93% of Crude Throughput)
Petroleum Refinery production (weight: 5.94%) increased by 2.5 % in November, 2015. Its cumulative index during April to November, 2015-16 increased by 2.5% over the corresponding period of previous year.
Fertilizers
Fertilizer production (weight: 1.25%) increased by 13.5 % in November, 2015.
Steel (Alloy + Non-Alloy)
Steel production (weight: 6.68%) declined by 8.4% in November, 2015.
Cement
Cement production (weight: 2.41%) decreased by 1.8 % in November, 2015.
Electricity
Electricity generation (weight: 10.32%) recorded no change in November, 2015 over November, 2014.
Analysis:
By: Vishal ProfileResourcesReport error
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