EIGHT CORE INDUSTRIES

Government of India
Ministry of Commerce& Industry
Department of Industrial Policy & Promotion
Office of the Economic Adviser
Index of Eight Core Industries (Base: 2004-05=100)
February, 2017
1.
The summary of the Index of Eight Core Industries (base: 2004-05) is
given at the Annexure.
2.
The Eight Core Industries comprise nearly 38 % of the weight of items
included in the Index of Industrial Production (IIP). The combined Index of
Eight Core Industries stands at 180.1 in February, 2017, which was 1.0 %
higher compared to the index of February, 2016. Its cumulative growth during
April to February, 2016-17 was 4.4 %.
Coal
3.
Coal production (weight: 4.38 %) increased by 7.1 % in February, 2017
over February, 2016. Its cumulative index during April to February, 2016-17
increased by 2.8 % over corresponding period of previous year.
Crude Oil
4.
Crude Oil production (weight: 5.22 %) declined by 3.4 % in February,
2017 over February, 2016. Its cumulative index during April to February,
2016-17 declined by 2.8 % over the corresponding period of previous year.
Natural Gas
5.
The Natural Gas production (weight: 1.71 %) declined by 1.7 % in
February, 2017 over February, 2016. Its cumulative index during April to
February, 2016-17 declined by 1.9 % over the corresponding period of
previous year.
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Refinery Products (93% of Crude Throughput)
6.
Petroleum Refinery production (weight: 5.94%) declined by 2.3 % in
February, 2017 over February, 2016. Its cumulative index during April to
February, 2016-17 increased by 5.9 % over the corresponding period of
previous year.
Fertilizers
7.
Fertilizer production (weight: 1.25%) declined by 5.3 % in February,
2017 over February, 2016. Its cumulative index during April to February,
2016-17 increased by 2.1 % over the corresponding period of previous year.
Steel (Alloy + Non-Alloy)
8.
Steel production (weight: 6.68%) increased by 8.7 % in February, 2017
over February, 2016. Its cumulative index during April to February, 2016-17
increased by 9.1 % over the corresponding period of previous year.
Cement
9.
Cement production (weight: 2.41%) declined by 15.8 % in February,
2017 over February, 2016. Its cumulative index during April to February,
2016-17 declined by 0.7 % over the corresponding period of previous year.
Electricity
10. Electricity generation (weight: 10.32%) increased by 1.5 % in February,
2017 over February, 2016. Its cumulative index during April to February,
2016-17 increased by 5.0 % over the corresponding period of previous year.
Note 1: Data are provisional. Revision has been made based on revised data received for
corresponding month of previous year in respect of Coal, Crude Oil, Refinery Products,
Fertilizer, Steel, Cement and Electricity. Accordingly, indices for the month of February,
2016 have been revised.
Note 2: Since October, 2016, Electricity generation data from Renewable sources is also
included.
Note 3: Release of the index for March, 2017 will be on Monday, 1st May, 2017.
Page 2 of 4
Annexure
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2004-05=100
INDEX
Sector Weight 2011-12 2012-13 2013-14 2014-15 2015-16 Apr-Feb
                                                      2015-16
Apr-Feb
2016-17
Coal 4.379 141.5 148.1 150.0 162.2 169.3 164.6 169.2
Crude Oil 5.216 112.1 111.4 111.2 110.2 108.7 108.8 105.7
Natural Gas 1.708 149.7 128.1 111.5 106.0 101.5 102.0 100.1
Refinery
Products
5.939 133.7 172.5 175.0 175.6 183.2 181.5 192.3
Fertilizers 1.254 103.8 100.2 101.8 101.7 114.4 114.0 116.4
Steel 6.684 174.0 181.1 201.9 211.4 210.5 209.6 228.8
Cement 2.406 175.2 188.7 194.5 205.3 215.3 212.6 211.1
Electricity 10.316 149.3 155.3 164.6 178.5 192.4 192.1 201.7
Overall
Index
37.903 145.3 154.7 161.2 168.5 174.7 173.5 181.2
GROWTH RATES (in %)
2011-12 2012-13 2013-14 2014-15 2015-16 Apr-Feb 4.379 1.3 4.6 1.3 8.1 4.4 4.7 2.8
                                        2015-16
Crude Oil 5.216 1.0 -0.6 -0.2 -0.9 -1.4 -1.0 -2.8
Natural Gas 1.708 -8.9 -14.5 -13.0 -4.9 -4.2 -3.6 -1.9
Refinery
Products
5.939 3.1 29.0 1.5 0.3 4.3 3.7 5.9
Fertilizers 1.254 0.4 -3.4 1.5 -0.1 12.5 11.6 2.1
Steel 6.684 10.3 4.1 11.5 4.7 -0.5 -0.8 9.1
2.406 6.7 7.7 3.1 5.6 4.9 4.2 -0.7
10.316 8.1 4.0 6.0 8.4 7.8 7.5 Sector Weight
Coal
Cement
Apr-Feb
2016-17
5.0
Electricity
Overall
37.903
5.0
6.5
4.2
4.5
3.7
3.5
4.4
Index
#
Refinery Products’ yearly growth rate of 2012-13 is not comparable with other years on account of inclusion
of RIL (SEZ) production data since April, 2012.
Page 3 of 4
Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2004-05=100
Index
Sector
Coal
Crude Natural
Oil Gas
Refinery
Products
Fertilizers
Steel
Cement Electricity Overall
                  Index
Weight 4.379 5.216 1.708 5.939 1.254 6.684 2.406 10.316 37.903
Feb-16 190.5 102.3 96.9 184.1 115.3 216.0 232.5 192.0 178.2
Mar-16 221.1 108.1 96.0 201.9 119.1 219.7 244.6 196.3 188.0
Apr-16 154.9 104.4 94.0 190.3 94.2 212.3 225.2 203.1 176.4
May-16 164.8 108.7 100.3 188.3 116.9 237.6 227.0 203.9 183.7
Jun-16 164.6 104.8 98.2 190.4 115.6 225.0 237.7 198.6 180.4
Jul-16 140.9 108.7 102.2 200.3 114.1 207.6 212.8 193.2 173.7
Aug-16 126.4 108.3 101.0 191.5 127.1 237.3 203.3 194.6 176.0
Sep-16 135.2 103.0 98.2 186.1 122.0 233.4 206.4 199.8 176.1
Oct-16 166.3 107.7 104.1 198.5 123.8 234.0 221.3 216.4 188.1
Nov-16 192.4 101.6 100.9 188.0 121.8 209.2 187.1 202.7 178.2
Dec-16 204.6 107.9 103.4 202.4 117.2 237.3 200.7 204.8 189.1
Jan-17 207.7 108.6 103.5 199.3 118.8 248.3 205.1 206.6 191.8
Feb-17 204.0 98.8 95.3 179.8 109.2 234.7 195.7 194.9 180.1
Cement Electricity Overall
                  Index
Growth Rates (in %)
Sector
Coal
Crude Natural
Oil Gas
Refinery
Products
Fertilizers
Steel
Weight 4.379 5.216 1.708 5.939 1.254 6.684 2.406 10.316 37.903
Feb-16 3.3 0.7 1.2 10.9 18.3 6.1 13.5 15.8 9.4
Mar-16 1.7 -5.1 -10.5 10.8 22.9 3.4 11.9 11.3 6.4
Apr-16 -0.9 -2.3 -6.8 17.9 7.8 6.1 4.4 14.7 8.5
May-16 5.5 -3.3 -6.9 1.2 14.8 3.2 2.4 4.6 2.8
Jun-16 12.0 -4.3 -4.5 3.5 9.8 2.4 10.3 8.1 5.2
Jul-16 5.1 -1.8 3.3 13.7 -4.3 -0.5 1.4 1.6 3.0
Aug-16 -9.2 -3.9 -5.7 3.5 5.7 17.0 3.1 0.1 3.2
Sep-16 -5.8 -4.1 -5.5 9.3 2.0 16.3 5.5 2.2 5.0
Oct-16 -1.6 -3.2 -1.4 15.1 0.8 16.9 6.2 2.8 6.6
Nov-16 6.4 -5.4 -1.7 2.0 2.4 5.6 0.5 10.2 4.9
Dec-16 4.4 -0.8 0.0 6.4 -4.7 14.9 -8.7 6.0 5.6
Jan-17 4.8 1.3 11.9 -1.5 -1.6 11.4 -13.3 4.8 3.4
Feb-17 7.1 -3.4 -1.7 -2.3 -5.3 8.7 -15.8 1.5 1.0