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TMI BlogINDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR APRIL, 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR APRIL, 2020 - News and Press Release Dated:- 29-5-2020 - News - 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 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5.5 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 th June, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4.1 155.6 137.4 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -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 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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