Table of Contents
The data on the production of eight core industries of India is published monthly by the Ministry of Commerce and Industry. The eight core industries included are- Coal, Crude oil, Natural Gas, Petroleum refinery products, Fertilizer, Cement, Steel, and Electricity generation. Check here to explore core industries meaning and what is the contribution of the core sector to the Indian economy.
The eight-core sectors of the Indian Economy are namely Electricity, Steel, Refinery products, crude oil, coal, cement, natural gas and fertilizers. These stands as the products of economical stability and standard scale for the Indian economy. They have a huge impact upon the general economic and industries activities. Read further and discover the problems of core industries in India.
Eight Core Industries in India 2023 – Full List
The production, growth and performance of the eight core industries will be published every month by the Ministry of Commerce and Industry. These eight industries comprise 40.27% of the weight of the items included in the Index of Industrial Production. These eight industries have a together share of above 40% in the Index of Industrial Production (IIP). The IIP or Index of Industrial Production gives the growth rates of different industry groups of the economy over a specified period. Let’s know about the eight core sectors in detail. The eight-core sectors of the Indian economy are as below
- Electricity
- Steel
- Refinery products
- Crude oil
- Coal
- Cement
- Natural gas
- Fertilizers
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8 Core Industries in India Weightage
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The combined Index of Eight Core Industries increased by 5.4 percent (provisional) in November 2022 compared to the Index in November 2021. Cement, coal, electricity, steel, and fertilizer production increased in November 2022 compared to the previous year. ICI measures the combined and individual performance of eight core industries: coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity. The eight core industries account for 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). The weight of the different core sectors in the Index of Industrial Production is given in the table below. Here is the core industries in India weightage
| Industry | Weight |
| Coal | 10.33 |
| Electricity | 19.85 |
| Crude oil | 8.98 |
| Cement | 5.37 |
| Natural gas | 6.88 |
| Steel | 17.92 |
| Refinery products | 28.04 |
| Fertilizers | 2.63 |
| Total | 100 |
Annual and Monthly Growth Rate 2023
The annual and Monthly growth rate of the Index of Eight Core Industries (combined) is depicted in the table:
|
|
Annual Growth Rates |
Monthly Growth Rate |
|||||||
|
Weight |
Jan-21 (F) | Feb-21 (P) | Mar-21 (P) | Apr-21 (P) | Jan-21 (F) | Feb-21 (P) | Mar-21 (P) | Apr-21 (P) | |
| Coal | 10.3335 | -1.9 | -4.4 | 0.3 | 9.5 | 3.5 | 1.2 | 28.5 | -46.0 |
| Crude Oil | 8.9833 | -4.6 | -3.2 | -3.1 | -2.1 | 0.7 | -9.7 | 12.6 | -4.6 |
| Natural Gas | 6.8768 | -2.1 | -1.0 | 12.3 | 25.0 | 5.2 | -9.8 | 16.9 | -1.1 |
| Refinery Products | 28.0376 | -2.6 | -10.9 | -0.7 | 30.9 | 3.2 | -12.3 | 17.0 | -8.2 |
| Fertilizers | 2.6276 | 0.8 | -3.7 | -7.1 | 1.7 | 0.5 | -11.6 | -12.1 | -5.3 |
| Steel | 17.9166 | 8.2 | 1.3 | 27.3 | 400.0 | -1.7 | -7.9 | 9.5 | -20.7 |
| Cement | 5.372 | -5.8 | -5.6 | 32.7 | 548.8 | 4.6 | -1.9 | 13.5 | -15.2 |
| Electricity | 19.853 | 5.5 | 0.2 | 22.5 | 38.7 | 4.0 | -6.3 | 17.0 | -3.3 |
| Overall Index | 100 | 1.3 | -3.8 | 11.4 | 56.1 | 2.3 | -7.5 | 15.8 | -15.1 |
Index of Eight Core Industries (ICI)
- It is published 12 days before the IIP is published.
- The purpose of the Index of Eight Core Industries is to give an advance hint of the product review of the industries which are of ‘core’ nature before the statement of the IIP.
- The ICI includes the individual and collective performances of the product in these eight core industries.
- The ICI is used by policymakers like the Ministry of Finance, other Ministries Departments.
- Used by banks for financing support schemes and the Reserve Bank of India
- The ICI is released every month. The index is calculated by using the Laspeyres formula
- To calculate the ICI, the parts covered under the eight core sectors are mentioned in the table below:
- Coal – Coal Production
- Electricity – Actual Electricity Generation of Thermal, Nuclear, Hydro, imports
- Crude Oil – Crude Oil Production.
- Cement – Large Plants and Mini Plants.
- Natural Gas – Total Natural Gas
- Steel – Production of Alloy and Non-Alloy Steel
- Refinery Products – Total Refinery Production
- Fertilizer – Urea, Ammonium Sulphate, Calcium Ammonium Nitrate, Ammonium chloride, Diammonium Phosphate, Complex Grade Fertilizer and Single superphosphate.
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Performance of Eight Core Index
|
Sector |
Weight |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21*
(April to March) |
| Coal | 10.3335 | 103.2 | 104.2 | 112.6 | 118.0 | 121.8 | 124.9 | 134.1 | 133.6 | 131.1 |
| Crude Oil | 8.9833 | 99.4 | 99.2 | 98.4 | 97.0 | 94.5 | 93.7 | 89.8 | 84.5 | 80.1 |
| Natural Gas | 6.8768 | 85.6 | 74.5 | 70.5 | 67.2 | 66.5 | 68.4 | 69.0 | 65.1 | 59.8 |
| Refinery Products | 28.0376 | 107.2 | 108.6 | 108.8 | 114.1 | 119.7 | 125.2 | 129.1 | 129.4 | 114.9 |
| Fertilizers | 2.6276 | 96.7 | 98.1 | 99.4 | 106.4 | 106.6 | 106.6 | 107.0 | 109.8 | 111.5 |
| Steel | 17.9166 | 107.9 | 115.8 | 121.7 | 120.2 | 133.1 | 140.5 | 147.7 | 152.6 | 138.8 |
| Cement | 5.3720 | 107.5 | 111.5 | 118.1 | 123.5 | 122.0 | 129.7 | 147.0 | 145.7 | 128.3 |
| Electricity | 19.8530 | 104.0 | 110.3 | 126.6 | 133.8 | 141.6 | 149.2 | 156.9 | 158.4 | 157.6 |
| Overall Index | 100.00 | 103.8 | 106.5 | 111.7 | 115.1 | 120.5 | 125.7 | 131.2 | 131.6 | 123.0 |
Growth Rates (on a Y-o-Y basis in per cent)
|
Sector |
Weight |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21*
(April to March) |
| Coal | 10.3335 | 3.2 | 1.0 | 8.0 | 4.8 | 3.2 | 2.6 | 7.4 | -0.4 | -1.9 |
| Crude Oil | 8.9833 | -0.6 | -0.2 | -0.9 | -1.4 | -2.5 | -0.9 | -4.1 | -5.9 | -5.2 |
| Natural Gas | 6.8768 | -14.4 | -12.9 | -5.3 | -4.7 | -1.0 | 2.9 | 0.8 | -5.6 | -8.2 |
| Refinery Products | 28.0376 | 7.2 | 1.4 | 0.2 | 4.9 | 4.9 | 4.6 | 3.1 | 0.2 | -11.2 |
| Fertilizers | 2.6276 | -3.3 | 1.5 | 1.3 | 7.0 | 0.2 | 0.03 | 0.3 | 2.7 | 1.5 |
| Steel | 17.9166 | 7.9 | 7.3 | 5.1 | -1.3 | 10.7 | 5.6 | 5.1 | 3.4 | -9.0 |
| Cement | 5.3720 | 7.5 | 3.7 | 5.9 | 4.6 | -1.2 | 6.3 | 13.3 | -0.9 | -11.9 |
| Electricity | 19.8530 | 4.0 | 6.1 | 14.8 | 5.7 | 5.8 | 5.3 | 5.2 | 0.9 | -0.5 |
| Overall Growth | 100.00 | 3.8 | 2.6 | 4.9 | 3.0 | 4.8 | 4.3 | 4.4 | 0.4 | -6.5 |
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Performance of Eight Core Industries Monthly
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Index |
| Weight | 10.3335 | 8.9833 | 6.8768 | 28.0376 | 2.6276 | 17.9166 | 5.3720 | 19.8530 | 100.00 |
| Apr-20 | 103.7 | 80.2 | 53.3 | 94.2 | 85.0 | 26.9 | 22.5 | 125.6 | 81.2 |
| May-20 | 109.4 | 82.0 | 57.2 | 102.0 | 113.4 | 96.4 | 117.3 | 150.6 | 107.7 |
| Jun-20 | 104.3 | 79.6 | 58.1 | 110.6 | 114.6 | 122.3 | 137.8 | 156.2 | 116.3 |
| Jul-20 | 100.3 | 83.0 | 61.2 | 114.5 | 119.4 | 141.9 | 126.8 | 166.3 | 122.5 |
| Aug-20 | 98.2 | 81.2 | 61.0 | 105.9 | 120.8 | 150.7 | 109.1 | 162.7 | 119.7 |
| Sep-20 | 105.6 | 78.3 | 57.5 | 106.3 | 113.5 | 149.9 | 126.8 | 166.4 | 121.4 |
| Oct-20 | 122.4 | 80.9 | 60.6 | 111.5 | 122.8 | 158.4 | 141.3 | 162.2 | 126.7 |
| Nov-20 | 137.9 | 78.3 | 58.4 | 126.5 | 118.5 | 156.0 | 132.1 | 144.8 | 127.7 |
| Dec-20 | 156.2 | 80.5 | 60.8 | 126.9 | 117.0 | 170.9 | 147.8 | 157.9 | 136.1 |
| Jan-21 | 161.6 | 81.1 | 64.0 | 130.9 | 117.5 | 168.1 | 154.6 | 164.2 | 139.2 |
| Feb-21* | 163.6 | 73.2 | 57.7 | 114.8 | 103.9 | 154.9 | 151.7 | 153.9 | 128.8 |
| Mar-21* | 210.3 | 82.4 | 67.4 | 134.4 | 91.3 | 169.6 | 172.1 | 180.0 | 149.2 |
| Apr-21* | 113.5 | 78.5 | 66.7 | 123.4 | 86.4 | 134.5 | 146.0 | 174.1 | 126.7 |
Growth Rates (on a Y-o-Y basis in per cent)
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Growth |
| Weight | 10.3335 | 8.9833 | 6.8768 | 28.0376 | 2.6276 | 17.9166 | 5.3720 | 19.8530 | 100.00 |
| Apr-20 | -15.5 | -6.4 | -19.9 | -24.2 | -4.5 | -82.8 | -85.2 | -22.9 | -37.9 |
| May-20 | -14.0 | -7.1 | -16.8 | -21.3 | 7.5 | -40.4 | -21.4 | -14.8 | -21.4 |
| Jun-20 | -15.5 | -6.0 | -12.0 | -8.9 | 4.2 | -23.2 | -6.8 | -10.0 | -12.4 |
| Jul-20 | -5.7 | -4.9 | -10.2 | -13.9 | 6.9 | -6.5 | -13.5 | -2.4 | -7.6 |
| Aug-20 | 3.6 | -6.3 | -9.5 | -19.1 | 7.3 | 0.5 | -14.5 | -1.8 | -6.9 |
| Sep-20 | 21.0 | -6.0 | -10.6 | -9.5 | -0.3 | 6.2 | -3.4 | 4.8 | 0.6 |
| Oct-20 | 11.7 | -6.2 | -8.6 | -17.0 | 6.3 | 5.9 | 3.2 | 11.2 | -0.5 |
| Nov-20 | 3.3 | -4.9 | -9.3 | -4.8 | 1.6 | 0.7 | -7.3 | 3.5 | -1.1 |
| Dec-20 | 2.2 | -3.6 | -7.2 | -2.8 | -2.9 | 3.5 | -7.2 | 5.1 | 0.4 |
| Jan-21 | -1.9 | -4.6 | -2.1 | -2.6 | 0.8 | 8.2 | -5.8 | 5.5 | 1.3 |
| Feb-21* | -4.4 | -3.2 | -1.0 | -10.9 | -3.7 | 1.3 | -5.6 | 0.2 | -3.8 |
| Mar-21* | 0.3 | -3.1 | 12.3 | -0.7 | -7.1 | 27.3 | 32.7 | 22.5 | 11.4 |
| Apr-21* | 9.5 | -2.1 | 25.0 | 30.9 | 1.7 | 400.0 | 548.8 | 38.7 | 56.1 |
Download the core industries in India PDF here and get to know the performance, growth rate and the annual growth of the eight core industries.
Download pdf of the Index of Core Industries in India
Corona Virus Impact
The production of eight core industries rose 56.1 per cent year-on-year in April 2021 on a low-base impact as industrial production was comparatively very low in the year-ago month because of a national lock down. The covid situation had its actual upon the production in the core industries, in turn, resulted in a huge impact upon the overall growth rate and performance of the economic sector
After the First wave of Corona in 2020, the industrial output decreased 15.1 per cent as opposed to March 2021 due to the development of the second wave of COVID-19, with all eight industries recording a drop in output.
