INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR APRIL, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries for the Month of April, 2020.

 The growth rate of Index of Eight Core Industries for April 2020 declined by 38.1% (provisional) compared to decline of 9 percent (provisional) previous month of March 2020.In view of nationwide lockdown during April 2020 due to COVID-19 pandemic, various industries viz. Coal, Cement, Steel, Natural Gas, Refinery, Crude Oil etc. experienced substantial loss of production.

Final growth rate of Index of Eight Core Industries for January’2020 remains unchanged at 2.2%.The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).Detail of yearly/monthly index and growth rate is provided at Annexure.

Monthly growth rates of Index of Eight Core Industries (Overall) is depicted in the graph:

5. The summary of the Index of Eight Core Industries  is given below:

Coal- Coal production (weight: 10.33per cent) declined by 15.5 per cent in April, 2020 over April,2019. Its cumulative index declined by 0.4 per cent during April to March, 2019-20over corresponding period of the previous year.

Crude Oil-Crude Oil production (weight: 8.98per cent) declined by 6.4 per cent in April, 2020 over April,2019. Its cumulative index declined by 5.9 per cent during April to March, 2019-20over the corresponding period of previous year.

Natural Gas- The Natural Gas production (weight:6.88per cent) declinedby19.9 per cent in April, 2020 over April,2019. Its cumulative index declined by 5.6 per cent during April to March, 2019-20 over the corresponding period of previous year.

Refinery Products- Petroleum Refinery production (weight: 28.04per cent) declined by 24.2 per cent in April, 2020 over April,2019. Its cumulative index increased by 0.2per cent during April to March, 2019-20over the corresponding period of previous year.

Fertilizers-Fertilizers production (weight: 2.63 per cent) declined by 4.5 per cent in April, 2020 over April,2019. Its cumulative index increased by 2.7 per cent during April to March, 2019-20 over the corresponding period of previous year.

Steel-Steel production (weight: 17.92per cent) declined by 83.9 per cent in April, 2020 over April,2019. Its cumulative index increased by 3.4 per cent during April to March, 2019-20 over the corresponding period of previous year.

Cement-Cement production (weight:5.37per cent) declined by 86.0 per cent in April, 2020over April,2019. Its cumulative index declinedby0.9 per cent during April to March, 2019-20over the corresponding period of previous year.

Electricity- Electricity generation (weight:19.85per cent) declined by 22.8 per cent in April, 2020over April,2019. Its cumulative index increased by1.0per cent during April to March, 2019-20over the corresponding period of previous year.

Note 1: Data for February, 2020, March, 2020and April, 2020are provisional.

Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.

Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.

Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.

Note5: Release of the index for May, 2020 will be on Tuesday,30^thJune, 2020.

Annexure

 

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2011-12=100

 Index

Sector	Weight	2012-13	2013-14	2014-15	2015-16	2016-17	2017-18	2018-19	2019-20
Coal	10.3335	103.2	104.2	112.6	118.0	121.8	124.9	134.1	133.6
Crude Oil	8.9833	99.4	99.2	98.4	97.0	94.5	93.7	89.8	84.5
Natural Gas	6.8768	85.6	74.5	70.5	67.2	66.5	68.4	69.0	65.1
Refinery Products	28.0376	107.2	108.6	108.8	114.1	119.7	125.2	129.1	129.4
Fertilizers	2.6276	96.7	98.1	99.4	106.4	106.6	106.6	107.0	109.8
Steel	17.9166	107.9	115.8	121.7	120.2	133.1	140.5	147.7	152.7
Cement	5.3720	107.5	111.5	118.1	123.5	122.0	129.7	147.0	145.7
Electricity	19.8530	104.0	110.3	126.6	133.8	141.6	149.2	156.9	158.4
Overall Index	100.0000	103.8	106.5	111.7	115.1	120.5	125.7	131.2	131.7

 Growth Rates (in per cent)

Sector	Weight	2012-13	2013-14	2014-15	2015-16	2016-17	2017-18	2018-19	2019-20
Coal	10.3335	3.2	1.0	8.0	4.8	3.2	2.6	7.4	-0.4
Crude Oil	8.9833	-0.6	-0.2	-0.9	-1.4	-2.5	-0.9	-4.1	-5.9
Natural Gas	6.8768	-14.4	-12.9	-5.3	-4.7	-1.0	2.9	0.8	-5.6
Refinery Products	28.0376	7.2	1.4	0.2	4.9	4.9	4.6	3.1	0.2
Fertilizers	2.6276	-3.3	1.5	1.3	7.0	0.2	0.03	0.3	2.7
Steel	17.9166	7.9	7.3	5.1	-1.3	10.7	5.6	5.1	3.4
Cement	5.3720	7.5	3.7	5.9	4.6	-1.2	6.3	13.3	-0.9
Electricity	19.8530	4.0	6.1	14.8	5.7	5.8	5.3	5.2	1.0
Overall Growth	100.0000	3.8	2.6	4.9	3.0	4.8	4.3	4.4	0.4

 Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2011-12=100

Index

Sector	Coal	Crude Oil	Natural Gas	Refinery Products	Fertilizers	Steel	Cement	Electricity	Overall Index
Weight	10.3335	8.9833	6.8768	28.0376	2.6276	17.9166	5.3720	19.8530	100.0000
Apr-19	122.6	85.6	66.6	124.3	89.0	156.4	152.5	162.8	130.7
May-19	127.3	88.2	68.7	129.6	105.5	161.8	149.3	176.8	137.0
Jun-19	123.5	84.7	66.0	121.4	110.0	159.3	147.9	173.6	132.8
Jul-19	106.4	87.2	68.1	132.9	111.7	151.7	146.5	170.5	132.6
Aug-19	94.8	86.6	67.4	131.0	112.6	150.0	127.7	165.7	128.5
Sep-19	87.3	83.4	64.3	117.5	113.9	141.2	131.3	158.7	120.7
Oct-19	109.6	86.3	66.3	134.2	115.5	149.5	137.0	145.8	127.4
Nov-19	133.6	82.4	64.4	133.0	116.7	154.9	142.4	139.9	129.2
Dec-19	152.9	83.5	65.5	130.5	120.5	165.2	159.2	150.3	135.5
Jan-20	164.7	85.0	65.3	134.4	116.5	155.4	164.1	155.6	137.4
Feb-20	171.0	75.6	58.3	128.9	107.8	158.0	160.7	153.8	134.9
Mar-20	209.7	85.0	60.1	135.3	98.3	129.6	129.8	146.9	133.3
Apr-20	103.7	80.2	53.3	94.2	85.0	25.1	21.3	125.8	80.9

 Growth Rates (in per cent)

Sector	Coal	Crude Oil	Natural Gas	Refinery Products	Fertilizers	Steel	Cement	Electricity	Overall Growth
Weight	10.3335	8.9833	6.8768	28.0376	2.6276	17.9166	5.3720	19.8530	100.0000
Apr-19	3.2	-6.7	-0.8	4.3	-4.4	13.3	2.3	5.9	5.2
May-19	1.7	-6.9	-0.1	-1.5	-1.0	13.3	2.8	7.4	3.8
Jun-19	2.9	-6.8	-2.1	-9.3	1.5	10.8	-1.9	8.6	1.2
Jul-19	-1.6	-4.4	-0.5	-0.9	1.5	8.1	7.7	5.2	2.6
Aug-19	-8.6	-5.4	-3.9	2.6	2.9	3.8	-5.1	-0.9	-0.2
Sep-19	-20.5	-5.4	-4.9	-6.6	5.4	-1.4	-2.0	-2.6	-5.1
Oct-19	-17.6	-5.1	-5.6	0.4	11.8	-0.5	-7.7	-12.2	-5.5
Nov-19	-3.5	-6.0	-6.4	3.1	13.6	7.0	4.3	-4.9	0.7
Dec-19	6.1	-7.4	-9.2	3.0	10.2	8.7	5.5	-0.02	3.1
Jan-20	8.0	-5.3	-9.0	1.9	-0.1	1.6	5.1	3.2	2.2
Feb-20	11.2	-6.4	-9.6	7.4	2.9	6.3	7.8	11.7	7.1
Mar-20	4.0	-5.5	-15.1	-0.5	-11.9	-24.1	-25.1	-8.2	-9.0
Apr-20	-15.5	-6.4	-19.9	-24.2	-4.5	-83.9	-86.0	-22.8	-38.1