Core Industries grow by 10.4% during FY 2021-22
Tags: National Economy/Finance
The cumulative growth rate of the Index of Eight Core Industries (ICI) posted robust growth of 10.4 percent during 2021-22 fiscal as compared to the corresponding period of previous Financial Year.
According to data from the Ministry of Commerce and Industry, the combined index of eight core industries rose 4.3% in March this year compared to the index for March 2021.
The growth in the production of natural gas stood at 7.6%, steel index appreciated 3.7%, cement index grew 8.8% and electricity stood at 4.9% during the month of March 2022.
Refinery Products grew 6.2% and fertiliser output grew by 15.3% in March this year.
ICI measures combined and individual performance of production in selected eight core industries viz Coal,Natural Gas, Crude Oil, Fertilisers, Refinery Products, Steel, Cement and Electricity.
The eight core industries comprise 40.27 per cent of the weight of the items included in the Index of Industrial Production (IIP).
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