Indian growth rate of eight core sector industries declined to 1.8% in November, from 7.8% in the same month last year, due to drop in production of coal, natural gas and cement.
The Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP). The combined Index was 144.9 in November 2012 with a growth rate of 1.8% compared to their 7.8% growth in November 2011. The decline in growth in November, 2012 was on account of negative growth witnessed in the production of Coal, Natural Gas and Cement and deceleration in growth rates of Electricity, Steel and Petroleum Refinery Products.
During April-November 2012-13, the cumulative growth rate of the Core industries was 3.5 % as against their growth at 4.8% during the corresponding period in 2011-12.
Coal
Coal production (weight: 4.38%) registered a growth of (-) 4.4% in November 2012 compared to its growth at 4.9% in November 2011. In cumulative terms, Coal production recorded a growth of 6.7% during April-November 2012-13 compared to its negative growth at (-) 4.0% during the same period of 2011-12.
Crude Oil
Crude Oil production (weight: 5.22%) registered a growth of 0.8% in November 2012 compared to its (-) 5.7% growth in November 2011. Cumulatively, Crude Oil production recorded a negative growth of (-) 0.5% during April-November 2012-13 compared to its growth at 2.9% during the same period of 2011-12.
Natural Gas
The growth rate of Natural Gas production (weight: 1.71%) was negative both in November, 2012 at (-) 15.2% and in November 2011 at (-) 10.1%. Cumulatively also, Natural Gas production registered a negative growth of (-) 13.1% during April-November 2012-13 and (-) 8.5% during the same period of 2011-12.
Petroleum Refinery Products (0.93% of Crude Throughput)*
Petroleum refinery production (weight: 5.94%) had a growth of 6.6% in November 2012 compared to its growth at 11.2% in November 2011. In cumulative terms, Petroleum refinery production registered a growth of 7.2% during April-November 2012-13 compared to its 4.4% growth during the same period of 2011-12.
Fertilizers
Fertilizer production (weight: 1.25%) registered a growth of 5.0% in November 2012 against its negative growth at (-) 6.7% in November 2011. Cumulatively, Fertilizer production registered a negative growth of (-) 3.3% during April-November 2012-13 compared to (-) 0.7% growth during the same period of 2011-12.
Steel (Alloy + Non-Alloy)
Steel production (weight: 6.68%) had a growth rate of 6.0% in November 2012 against its 10.5% growth in November 2011. Cumulatively, Steel production registered 3.4% growth during April-November 2012-13 compared to its 8.9% growth during the same period of 2011-12.
Cement
Cement production (weight: 2.41%) registered a negative growth at (-) 0.2% in November 2012 against its 17.0% growth in November 2011. The cumulative growth of Cement Production was 6.7% during April-November 2012-13 compared to its 4.8% growth during the same period of 2011-12.
Electricity
Electricity generation (weight: 10.32%) had a 2.3% growth in November 2012 compared to its 14.4% growth in November 2011. The cumulative growth of Electricity generation was 4.6% during April-November 2012-13 compared to its 9.4% growth during the same period of 2011-12.
