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TMI BlogThe combined Index of Eight Core Industries increases by 3.7 percent in January, 2022X X X X Extracts X X X X X X X X Extracts X X X X ..... The combined Index of Eight Core Industries increases by 3.7 percent in January, 2022 - News and Press Release Dated:- 28-2-2022 - News - The combined Index of Eight Core Industries increases by 3.7 percent in January, 2022 The Index records 11.6% growth during April-January 21-22 compared to same period in the previous year Index of Eight Core Industries (Base: 2011-12=100) for January, 2022 The combined Index of Eight Core Industries stood at 144.4 in January 2022, which increased by 3.7 per cent (provisional) as compared to the Index of January 2021. The production of Coal, Natural Gas, Refinery Products, Steel, Cement and Electricity industries increased in January 2022over the corresponding period of last year. Final growth rate of Index of Eight Core Industries for October 2021 has been revised to 8.7%. The growth rate of ICI during April-January 2021-22 was 11.6% (P) as compared to the corresponding period of last FY. The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade releases Index of Eight Core Industries (ICI) for the Month of January, 2022.ICI measures combined and individual performance of production in selected e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity.The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Details of yearly and monthly indices and growth rates are provided at Annex I II respectively. The summary of the Index of Eight Core Industries is given below: Coal Coal production (weight: 10.33 per cent) increased by 8.2 per centin January,2022 over January,2021. Its cumulative index increased by 10.3per centduring April to January,2021-22 over corresponding period of the previous year. Crude Oil Crude Oil production (weight: 8.98 per cent) declined by 2.4 per centin January, 2022over January, 2021. Its cumulative index declined by 2.6 per centduring April to January, 2021-22over the corresponding period of previous year. Natural Gas - Natural Gas production (weight: 6.88 per cent) increased by 11.7 per cent in January, 2022 over January, 2021. Its cumulative index increased by 21.2 per cent during April to January, 2021-22 over the corresponding period of previous year. Petroleum Refinery Products Petroleum Refi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nery production (weight: 28.04 per cent) increased by 3.7 per centin January, 2022 over January, 2021. Its cumulative index increased by 9.3 per cent during April to January, 2021-22over the corresponding period of previous year. Fertilizers Fertilizers production (weight: 2.63 per cent) declined by 2.0 per centin January, 2022 over January, 2021. Its cumulative index decreased by 0.3 per centduring April to January, 2021-22 over the corresponding period of previous year. Steel Steel production (weight: 17.92 per cent) increased by 2.8 per cent in January, 2022 over January, 2021. Its cumulative index increased by 19.9 per centduring April to January, 2021-22 over the corresponding period of previous year. Cement Cement production (weight: 5.37 per cent) increased by 13.6 per centin January, 2022 over January, 2021. Its cumulative index increased by 24.6 per centduring April to January, 2021-22 over the corresponding period of previous year. Electricity Electricity generation (weight: 19.85 per cent) increased by 0.5 per centin January, 2022 over January,2021. Its cumulative index increased by 8.5 per centduring April to January, 2021-22 over the correspondi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng period of previous year. Note 1: Data for November, 2021, December, 2021 and January 2022 are provisional. Index numbers of Core Industries are revised/finalized as per updated data from source agencies. 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. Note 5: Release of the index for February,2022 will be on Thursday31 st March, 2022. Annex I 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 2020-21 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Apr-Jan 2020-21 Apr-Jan 2021-22* Coal 10.3335 103.2 104.2 112.6 118.0 121.8 124.9 134.1 133.6 131.1 120.0 132.3 Crude Oil 8.9833 99.4 99.2 98.4 97.0 94.5 93.7 89.8 84.5 80.1 80.5 78.4 Natural Gas 6.8768 85.6 74.5 70.5 67.2 66.5 68.4 69.0 65.1 59.8 59.2 71.8 Refinery Products 28.0376 107.2 108.6 108.8 114.1 119.7 125.2 129.1 129.4 114.9 112.9 123.4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Fertilizers 2.6276 96.7 98.1 99.4 106.4 106.6 106.6 107.0 109.8 111.6 114.2 113.9 Steel 17.9166 107.9 115.8 121.7 120.2 133.1 140.5 147.7 152.6 139.4 134.1 160.8 Cement 5.3720 107.5 111.5 118.1 123.5 122.0 129.7 147.0 145.7 130.0 121.6 151.6 Electricity 19.8530 104.0 110.3 126.6 133.8 141.6 149.2 156.9 158.4 157.6 155.7 168.9 Overall Index 100.0000 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 103.8 106.5 111.7 115.1 120.5 125.7 131.2 131.6 123.2 119.8 133.7 *Provisional Growth Rates (on Y-o-Y basis in per cent) Sector Weight 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Apr-Jan 2020-21 Apr-Jan 2021-22* Coal 10.3335 3.2 1.0 8.0 4.8 3.2 2.6 7.4 -0.4 -1.9 -1.9 10.3 Crude Oil 8.9833 -0.6 -0.2 -0.9 -1.4 -2.5 -0.9 -4.1 -5.9 -5.2 -5.6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -2.6 Natural Gas 6.8768 -14.4 -12.9 -5.3 -4.7 -1.0 2.9 0.8 -5.6 -8.2 -10.7 21.2 Refinery Products 28.0376 7.2 1.4 0.2 4.9 4.9 4.6 3.1 0.2 -11.2 -12.4 9.3 Fertilizers 2.6276 -3.3 1.5 1.3 7.0 0.2 0.03 0.3 2.7 1.7 2.8 -0.3 Steel 17.9166 7.9 7.3 5.1 -1.3 10.7 5.6 5.1 3.4 -8.7 -13.2 19.9 Cement 5.3720 7.5 3.7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5.9 4.6 -1.2 6.3 13.3 -0.9 -10.8 -16.6 24.6 Electricity 19.8530 4.0 6.1 14.8 5.7 5.8 5.3 5.2 0.9 -0.5 -2.7 8.5 Overall Growth 100.0000 3.8 2.6 4.9 3.0 4.8 4.3 4.4 0.4 -6.4 -8.6 11.6 *Provisional,YoY is calculated over the corresponding financial year of previous year Annex II 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Electricity Overall Index Weight 10.3335 8.9833 6.8768 28.0376 2.6276 17.9166 5.3720 19.8530 100.0000 Jan-21 161.6 81.1 64.0 130.9 117.5 168.1 154.6 164.2 139.2 Feb-21 163.6 73.2 57.7 114.8 103.9 156.3 160.9 153.9 129.6 Mar-21 210.3 82.4 67.5 134.4 93.4 175.2 182.5 180.0 150.8 Apr-21 113.5 78.5 66.7 123.4 88.3 160.0 159.0 174.0 132.0 May-21 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 117.1 76.8 68.7 117.7 102.5 149.4 131.1 161.9 125.4 Jun-21 112.1 78.2 70.0 113.2 116.9 153.1 148.2 169.1 127.2 Jul-21 119.2 80.3 72.8 122.2 120.1 155.2 154.3 184.7 134.7 Aug-21 118.4 79.4 73.7 115.5 117.0 161.1 148.8 188.7 134.2 Sep-21 113.8 77.0 73.3 112.7 113.6 160.5 141.1 167.9 128.0 Oct-21 140.4 79.2 76.3 127.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 122.9 167.6 161.9 167.3 137.8 Nov-21* 149.2 76.6 72.2 131.9 121.4 158.3 127.3 147.9 132.0 Dec-21* 164.3 79.1 72.7 134.4 121.1 169.7 168.4 162.5 141.6 Jan-22* 174.8 79.1 71.4 135.8 115.2 172.8 175.7 165.0 144.4 *Provisional Growth Rates (on Y-o-Y basis in per cent) Sector Coal Crude Oil Natural Gas Refinery Products Fertilizers Steel Cement Electricity Overall Growth Weight 10.3335 8.9833 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6.8768 28.0376 2.6276 17.9166 5.3720 19.8530 100.0000 Jan-21 -1.9 -4.6 -2.1 -2.6 0.8 8.2 -5.8 5.5 1.3 Feb-21 -4.4 -3.2 -1.0 -10.9 -3.7 2.2 0.2 0.2 -3.3 Mar-21 0.3 -3.1 12.3 -0.7 -5.0 31.5 40.6 22.5 12.6 Apr-21 9.5 -2.1 25.0 30.9 3.9 494.8 606.6 38.5 62.6 May-21 7.0 -6.3 20.1 15.3 -9.6 55.1 11.7 7.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 16.4 Jun-21 7.4 -1.8 20.6 2.4 2.0 25.2 7.5 8.2 9.4 Jul-21 18.8 -3.2 19.0 6.7 0.6 9.4 21.7 11.0 9.9 Aug-21 20.6 -2.3 20.7 9.1 -3.1 6.9 36.3 16.0 12.2 Sep-21 7.8 -1.7 27.5 6.0 0.04 7.1 11.3 0.9 5.4 Oct-21 14.7 -2.2 25.8 14.4 0.04 5.9 14.6 3.2 8.7 Nov-21* 8.2 -2.2 23.7 4.3 2.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.4 -3.6 2.1 3.4 Dec-21* 5.2 -1.8 19.5 5.9 3.5 -0.7 13.9 2.9 4.1 Jan-22* 8.2 -2.4 11.7 3.7 -2.0 2.8 13.6 0.5 3.7 *Provisional,YoY is calculated over the corresponding month of previous year - 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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