The output of eight core infrastructure sectors grew marginally by 0.1 percent in January, mainly due to growth in the production of fertilizer, steel and electricity.
On a sequential basis, the output of eight major industries had expanded by 0.2 percent in December 2020. ECI index comprises 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
The production of India's eight major industries remained flat on a year-on-year basis during January 2021. The Index of Eight Core Industries' reading for last month showed a rise of just 0.1 percent in output from an expansion of 2.2 percent in the same month last year according to the provisional data released by the Commerce and Industry Ministry on Friday.
These industries comprise coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity. On a sector-specific basis, the output of coal, which has a weight of 10.33 percent in the index, showed a decline of (-) 1.8 percent in January 2021 over the same month of the previous year. The output of fertilizer, steel and electricity in January grew by 2.7 percent, 2.6 percent and 5.1 percent, respectively.
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