Modest growth in core industries index

The eight core industries that comprise 40.27 per cent of the Index of Industrial Production (IIP) stood at 134.8 in October, which was 4.8 per cent higher as compared to the index of October, 2017. Its cumulative growth during April to October, 2018-19 was 5.4 per cent.

Coal production increased by 10.6 per cent in October but crude Oil production declined by 5.0 per cent and there was a marginal decline of 0.9 percent in natural gas production too. Refinery products rose by a small 1.3 percent margin whereas Fertilisers production went down steeply by 11.5 percent. Two critical sectors – cement and electricity- however, saw significant production increase at 18.4 and 11.4 percent respectively. There was a marginal increase of 2.2 percent in steel as well.

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