The government revised the final growth rate of the index of eight core industries for March 2023 to 4.2%
New Delhi, NFAPost: The combined Index of Eight Core Industries (ICI) increased by 8.2% in June 2023 as compared to the index of June 2022. The production of steel, coal, cement, refinery products, natural gas, fertilizers and electricity increased in June 2023 over the corresponding month of last year, according to the data released by the government.
The eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
The government revised the final growth rate of the index of eight core industries for March 2023 to 4.2% from its provisional level 3.6%.
Coal production increased by 9.8% in June, 2023 year-on-year (YoY). Its cumulative index increased by 8.7% during the quarter April to June, 2023-24 over the corresponding period of the previous year.
Crude oil production declined by 0.6% in June, 2023 YoY. Natural gas production was up 3.6% in June YoY. Petroleum refinery production increased by 4.6% in June YoY.
Fertiliser production increased by 3.4% in June, 2023 YoY, said the government release.
Steel production increased by 21.9% in June, 2023 YoY. Its cumulative index increased by 15.9% during the quarter April to June, 2023-24 over the corresponding period of previous year.
Cement production increased by 9.4% in June, 2023 YoY. Electricity generation increased by 3.3% in June, 2023 over June, 2022.
