Core Industries Report Negative Growth in March

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 137.0 in March, 2020, which  declined by 6.5 per cent as compared to the index of March, 2019. Its cumulative growth during April to March, 2019-20 was 0.6 per cent.



Coal production increased by 4.0 per cent in March, 2020 over March, 2019. Its cumulative index declined by 0.5 per cent during April to March, 2019-20 over corresponding period of the previous year.
Crude Oil production declined by 5.5 per cent in March, 2020 over March, 2019. Its cumulative index declined by 5.9 per cent during April to March, 2019-20 over the corresponding period of previous year.
Natural Gas production declined by 15.2 per cent in March, 2020 over March, 2019. Its cumulative index declined by 5.7 per cent during April to March, 2019-20 over the corresponding period of previous year.
Petroleum Refinery production declined by 0.5 per cent in March, 2020 over March, 2019. Its cumulative index increased by 0.2 per cent during April to March, 2019-20 over the corresponding period of previous year.
Fertilizers production declined by 11.9 per cent in March, 2020 over March, 2019. Its cumulative index increased by 2.7 per cent during April to March, 2019-20 over the corresponding period of previous year.
Steel production declined by 13 per cent in March, 2020 over March, 2019. Its cumulative index increased by 4.2 per cent during April to March, 2019-20 over the corresponding period of previous year.
Cement production declined by 24.7 per cent in March, 2020 over March, 2019. Its cumulative index declined by 0.8 per cent during April to March, 2019-20 over the corresponding period of previous year.
Electricity generation declined by 7.2 per cent in March, 2020 over March, 2019. Its cumulative index increased by 1.0 per cent during April to March, 2019-20 over the corresponding period of previous year.



Stay tuned for more updates. Feel free to comment.

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