Core Industry Growth Falls to 2.1% in July 2019

Ministry of Commerce & Industry released the performance of eight core industries ( Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement & Electricity) which 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 131.9 in July, 2019, which was 2.1 per cent higher as compared to the index of July, 2018. In July, 2018 the growth was 7.1 per cent. Its cumulative growth during April to July, 2019-20 was 3.0 per cent against 5.9 per cent during April to July, 2018-19.


Industry wise Data:-

1. Coal production declined by 1.4 per cent in July, 2019 over July, 2018. Its cumulative index increased by 1.8 per cent during April to July, 2019-20 over corresponding period of the previous year.

 2. Crude Oil production declined by 4.4 per cent in July, 2019 over July, 2018. Its cumulative index declined by 6.2 per cent during April to July, 2019-20 over the corresponding period of previous year.

 3. The Natural Gas production declined by 0.5 per cent in July, 2019 over July, 2018. Its cumulative index declined by 0.8 per cent during April to July, 2019-20 over the corresponding period of previous year.
4. Petroleum Refinery production declined by 0.9 per cent in July, 2019 over July, 2018. Its cumulative index declined by 2.0 per cent during April to July, 2019-20 over the corresponding period of previous year.
5. Fertilizers production increased by 1.5 per cent in July, 2019 over July, 2018. Its cumulative index declined by 0.4 per cent during April to July, 2019-20 over the corresponding period of previous year.
6. Steel production increased by 6.6 per cent in July, 2019 over July, 2018. Its cumulative index increased by 10.9 per cent during April to July, 2019-20 over the corresponding period of previous year.
7. Cement production increased by 7.9 per cent in July, 2019 over July, 2018. Its cumulative index increased by 2.7 per cent during April to July, 2019-20 over the corresponding period of previous year.
8. Electricity generation increased by 4.2 per cent in July, 2019 over July, 2018. Its cumulative index increased by 6.4 per cent during April to July, 2019-20 over the corresponding period of previous year.



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