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).