IIP Data: Index of Eight Core Industries Rises in April 2021

- Advertisement -

IIP data for April 2021: Index showed 56 per cent growth

The index of eight core industries or ICI stood at 126.7 in April 2021, showing an increase by 56.1 per cent as compared to the index of April 2020.

The high growth rate in April 2021 was largely due to the low industrial production across all sectors caused by nationwide lockdown imposed to curb the spread of Corona virus last year.

The month over month production of eight core industries, as captured by ICI, declined by 15.1 per cent in April 2021 compared to March 2021 due to emergence of second wave of infectious Covid-19.

Final growth rate of ICI for January 2021 has been revised to 1.3 per cent from its provisional level of 0.1 per cent.

The growth rate of ICI during April-March 2020-21 was (-) 6.5 per cent as compared to the corresponding period of the last fiscal.

ICI measures combined and individual performance of production in selected eight core industries namely coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.

The eight core industries comprise 40.27 percent of the weight of items included in the index of industrial production (IIP).


Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link


Russia-Ukraine crisis live updates | Russia claims to have taken full control of Mariupol

Russia claimed to have captured Mariupol on Friday in what would be its biggest victory yet in its war...

Top Andhra Pradesh news developments of the day

1. V. Sriram, advisor to Jal Shakti Minister and Polavaram Project Authority CEO J. Chandrasekhar Iyer and others to inspect earth cum rock fill...

Anees Bazmee on Akshay Kumar not starring in Bhool Bhulaiyaa 2:...

Filmmaker Anees Bazmee returns with yet another comedy with Bhool Bhulaiyaa 2, but this time, his comedy — starring Kartik Aaryan, Kiara Advani and...

25 dead in floods, landslides across Assam, Arunachal Pradesh and Meghalaya

Floods and landslides have claimed 25 lives across three north-eastern States so far, with Assam being the worst hit.According to data provided by the...

Netflix to Settle Tax Dispute With Italy for $59.1 Million

US streaming service Netflix has agreed to settle a tax dispute with Italy, the company and legal sources said on Friday.Milan prosecutors issued a...
- Advertisement -

More Articles

- Advertisement -