IIP of 8 core sectors grew by 1.3% in January: NSO

The Core Industries Index measures the output of eight infrastructure sectors, which include coal, steel, cement, fertilizer, power, natural gas, refinery products, and crude oil.

National Statistical Office on Friday, reported the  Index of Industrial Production (IIP) of eight core sectors which grew by 1.3% year-on-year in the month of January.

According to the data released on Friday, it had come down to a 10-month low of 0.4% in December 2021. Industrial production for April 2021-January 2022 registered a growth of 13.7% as compared to a contraction of 12% in April 2020- January 2021. It grew by 1.3 per cent year-on-year in January, mainly due to better performance of mining and manufacturing sectors. However, it had declined by 0.6 percent in January 2021.

The Core Industries Index measures the output of eight infrastructure sectors, which include coal, steel, cement, fertilizers, power, natural gas, refinery products and crude oil. Industrial production declined by 0.6 percent in January 2021.

According to data released by the Ministry of Statistics and Programme Implementation, the mining sector had grown by 2.8 per cent in January 2021 as against a contraction of 2.4 per cent. The manufacturing sector grew by 1.1 per cent in January, compared to 0.9 per cent in the same month a year ago.

However, the growth in power generation declined to 0.9 per cent in January 2021 against an expansion of 5.5 per cent. In the April-January period of the current financial year, IIP grew at 13.7 per cent as against a contraction of 12 per cent in the same period of 2020-21.

Subscribe to our newsletter
Subscribe to our newsletter
Sign up here to get the latest news delivered directly to your inbox.
You can unsubscribe at any time