New Delhi: Driven by coal, electricity, fertilizers and other sectors, India’s core sector output grew 7.8 pc year-on-year in January 2023.
“The combined Index of Eight Core Industries (ICI) increased by 7.8 per cent (provisional) in January 2023 as compared to the Index of January 2022,” a media release from the Ministry of Commerce and Industry said on Tuesday.
As per the official data, production of fertilizers, coal, electricity, steel, natural gas, cement and refinery products increased in January 2023 over January 2022.
The Index of Eight Core Industries measures combined and individual performance of production of eight core industries viz. coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.
The eight core industries comprise 40.27 pc of the weight of items included in the Index of Industrial Production (IIP).
The data showed coal production increased by 13.4 per cent in January, 2023 over January, 2022. Crude oil production declined by 1.1 pc during this period.
Natural gas production grew 5.3 pc in January, 2023 over January, 2022. Production of petroleum refinery, fertilizers, steel and cement grew 4.5 pc, 17.9 pc, 6.2 pc and 4.6 pc year-on-year respectively in January 2023.
“Electricity generation (weight: 19.85 per cent) increased by 12.0 per cent in January, 2023 over January, 2022,” the media release said.
