The output of eight infrastructure sectors had registered a growth of 4.0% year-on-year in January 2022 while in February 2021, it had contracted by 3.3%
The index of eight core industries measures the output of eight infrastructure industries – coal, crude, natural gas, refinery products, fertilisers, cement, steel and electricity.
Six out of the eight core sectors, viz., coal (6.6%), natural gas (12.5%), refinery products (8.8%), steel (5.7%), cement (5.0%) and electricity (4.0%) reported a growth in the month of February while crude oil (-2.2%) and fertilisers (-1.4%) contracted.
The cumulative growth rate of the Index of Eight Core Industries (ICI) between April & February 2021-22 stood at 11.0% (provisional) as compared to the corresponding period of last fiscal, data showed.
The core sector makes up 40% of the Index of Industrial Production (IIP), making it a lead indicator of industrial activity.
The growth rate in core sectors’ output for November 2021 has been revised marginally from its provisional level of 3.1% to 3.2%, the Office of Economic Adviser in the Department for Promotion of Industry and Internal Trade said.
