Eight Core Industries Growth Surges by 2.1% in February, 2019
The combined Index of Eight Core Industries stood at 125.8 in February, 2019, which was 2.1 per cent higher as compared to the index of February, 2018.
New Delhi, April 1: The combined Index of Eight Core Industries stood at 125.8 in February, 2019, which was 2.1 per cent higher as compared to the index of February, 2018. Its cumulative growth from April to February 2018-19 was 4.3 per cent. A total of 40.27 percent of the weight of items was included in the Index of Industrial Production (IIP). According to reports, eight infrastructure sectors including coal, crude oil, natural gas, refinery products and fertilisers had grown by 5.3 percent in February 2018. India's GDP Estimated to Grow at 7.2%; Agriculture and Manufacturing Among Accelerating Factors: CSO.
The coal production has increased by 7.3 percent in February 2019 over February 2018. Meanwhile, its cumulative index also increased by 7.1 percent from April to February 2018-19 as compared to the corresponding period of the previous year. The Natural Gas production, Fertilizers production, Steel Production, Cement Production and Electricity Production also increased in during April to February 2018-19 against the corresponding period of the previous year. India Lost 4% of GDP from Power Distortions in 2016: World Bank.
However, crude oil production declined by 6.1 percent in February 2019 as compared to February 2018. Its cumulative index also declined by 4.0 percent during April to February 2018-19 over the corresponding period of last year. Meanwhile, Petroleum Refinery production also declined by 0.8 percent in February 2019 over February 2018.
(The above story first appeared on LatestLY on Apr 01, 2019 06:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).