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ECONOMY


Eight Core Industries-January 2013

The Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP). The combined Index was 158.7 in January 2013 with a growth rate of 3.9 per cent compared to their 2.2 per cent growth in January 2012. The low growth in January, 2013 was on account of negative growth witnessed in the production of crude oil, natural gas, fertilizers and cement.

During April-January 2012-13, the cumulative growth rate of the core industries was 3.2 per cent compared to their growth at 5.0 per cent during the corresponding period in 2011-12.


Coal

Coal production registered a growth of 2.3 per cent in January 2013 compared to its growth at 7.7 per cent in January 2012. In cumulative terms, coal production recorded a growth of 5.2 per cent during April-January 2012-13 compared to its growth at (-) 1.4 per cent during the same period of 2011-12.


Crude Oil

Crude Oil production registered a growth of (-) 0.2 per cent in January 2013 compared to its (-) 2.0 per cent growth in January 2012. Cumulatively, Crude Oil production recorded a growth of (-) 0.4 per cent during April-January 2012-13 compared to its growth at 1.5 per cent during the same period of 2011-12.


Natural Gas

The growth rate of natural gas production was negative both in January, 2013 at (-) 16.8 per cent and in January 2012 at (-) 10.4 per cent. Cumulatively also, Natural gas production registered a negative growth of (-) 13.7 per cent during April-January 2012-13 and (-) 8.9 per cent during the same period of 2011-12.

Petroleum Refinery Products (0.93 per cent of Crude Throughput)*

Petroleum refinery production had a growth of 10.5 per cent in January 2013 compared to its growth at (-) 4.6 per cent in January 2012. In cumulative terms, Petroleum refinery production registered a growth of 7.3 per cent during April-January 2012-13 compared to its 3.0 per cent growth during the same period of 2011-12.


Fertilizers

Fertilizer production registered a growth of (-) 9.1 per cent in January 2013 against its growth at 4.0 per cent in January 2012. Cumulatively, fertilizer production registered a growth of (-) 4.0 per cent during April-January 2012-13 compared to its (-) 0.1 per cent growth during the same period of 2011-12.


Steel (Alloy + Non-Alloy)**

Steel production had a growth rate of 9.4 per cent in January 2013 against its 4.5 per cent growth in January 2012. Cumulatively, steel production registered 3.1 per cent growth during April-January 2012-13 compared to its 10.9 per cent growth during the same period of 2011-12.


Cement

Cement production registered a growth of (-) 6.6 per cent in January 2013 against its 10.9 per cent growth in January 2012. The cumulative growth of Cement Production was 4.6 per cent during April-January 2012-13 compared to its 6.3 per cent growth during the same period of 2011-12.


Electricity

Electricity generation had a 5.9 per cent growth in January 2013 compared to its 3.2 per cent growth in January 2012. The cumulative growth of electricity generation was 4.8 per cent during April-January 2012-13 compared to its 8.7 per cent growth during the same period of 2011-12.


* RPL (SEZ) with refining capacity 29MMT was commissioned on 25.12.2008 but crude throughput not reported by the refinery and not included in production for entire period.

Note: Data are provisional. Revision has been made based on revised data obtained.



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