India's Core Infra Industries' Output Grows By 3.4 Pct In January


NEW DELHI: The output of India's eight infrastructure industries last month increased by 3.4 pct from a growth of 5.6 pct reported in December 2016, official data showed on Tuesday.

The Eight Core Industries (ECI) index had reported a rise of 5.7 pct in January 2016. The cumulative growth during April to January stood by 4.8 pct.

The data which represents the output of major industrial sectors was released by the Ministry of Commerce and Industry. The ECI index comprises of nearly 38 pct weightage of the items included in the Index of Industrial Production (IIP).

The index includes sectors like coal, crude oil, natural gas, refinery products, fertilisers, steel (alloy and non-alloy), cement and electricity.

Electricity generation, which has the highest weightage of 10.32 pct in the IIP, edged up by 4.8 pct in January, as compared with the corresponding month of 2016.

Steel production, the second most important component with weightage of 6.68 pct, increased by 11.4 pct in the month under review.

However, distilling of refinery products, the third most important component as per weightage, inched down by 1.5 pct in January, as compared with the corresponding month of last year.

Conversely, extraction of crude oil, which has a 5.22 pct weightage in IIP, was slightly higher by 1.3 pct during the month in consideration.

Coal mining, with a 4.38 pct weightage, increased by 4.8 pct in January.

In contrast, cement production, which has the weightage of 2.41 pct, decreased by 13.3 pct in January 2017 over the same month of 2016.

On the other hand, the sub-index for natural gas output, with a weightage of 1.71 pct edged higher by 11.9 pct during the month under consideration.

Fertiliser manufacturing, which has the least weightage of only 1.25 pct declined by 1.6 pct in January.

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Source: IANS