The production growth of eight infrastructure sectors, namely coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity, was 9.8 percent during April-August this fiscal, compared to 19.4 percent a year ago, the Ministry of Commerce and Industry said in a statement.
The weightage of the items included in the Index of Industrial Production (IIP) is made up of the eight core industries in 40.27 percent. August 2022 saw an increase in the output of steel, cement, coal, refinery products, fertilisers, and electricity compared to the same month the previous year, according to official statistics issued by the
Index of eight core industries measures the combined and individual performance of output in chosen eight essential industries, namely coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.
Production of coal (weightage: 10.33 percent) grew by 7.6 percent in August 2022 compared to August 2021. In comparison to the same time in 2022–2023, its cumulative index rose by 22.7 percent from April until August in FY23. Production of crude oil (weightage: 8.98 percent) fell by 3.3 percent YoY in August 2022, and its cumulative index fell by 1.1 percent from April to August 2022–2023 compared to the same period in the previous year, as per the ministry data.