India's core sector output declined to 4.5 percent in July 2022 as against 13.2  percent in the month of June, the data released by the Commerce and Industry Ministry showed on Wednesday.

The combined Index of 8 Core Industries increased by 4.5 percent provisionally, as compared to the Index of July 2021, according to data released by the Ministry of Commerce & Industry. The production of Coal, Refinery Products, Fertilizers, Steel, Electricity and Cement industries increased in July 2022 over the corresponding period of last year.

Coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity are the eight core industries that make up the index of core industries, which assesses both the overall and individual performance of output in these sectors. The weight of the goods included in the Index of Industrial Production is made up of the Eight Core Industries, which account for 40.27 percent of the total (IIP). In comparison to July 2021, coal production (weight: 10.33%) grew by 11.4% in July 2022. From April to July of 2022–23, compared to the same time in 2021–22, its cumulative index rose by 26.6%. Production at the petroleum refinery (weight: 28.04%) rose 6.2% in July 2022 compared to July 2021.

From April through July of 2022–2023, it saw a cumulative index growth of 11.7% compared to the same time in the previous year. Production of fertilisers (weight: 2.63%) increased by 6.2% in July 2022 compared to July 2021. From April through July of 2022–2023, it experienced a cumulative index growth of 11.3% compared to the same time the previous year.

July 2022 had a 5.7% increase in steel production (weight: 17.92%) over July 2021. April through July of 2022–2023 had a 6.5% increase in its cumulative index compared to the same time the prior year. July 2022 saw a 2.1% rise in cement production over July 2021 (weight: 5.37%). April through July of 2022–2023 had a 13.3% increase in its cumulative index compared to the same time the prior year.

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