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Production of infrastructure industries increased by 5.8 percent in February – Central Government

Production of infrastructure industries increased by 5.8 percent in February – Central Government


Business

oi-Sagar Bhardwaj

,

Updated: Thursday, March 31, 2022, 19:47 [IST]

New Delhi, 31 March. India‘s infrastructure industries output grew 5.8 percent in February compared to the same period a year ago. The Ministry of Commerce and Industry gave this information by releasing a figure. Production in eight key infrastructure industries, which account for about 40 per cent of total industrial output – rose 3.3 per cent in January from a year earlier.

Industry Growth

The Index of Eight Core Industries measures the output of eight infrastructure industries – coal, crude, natural gas, refinery products, fertilizers, cement, steel and electricity. Data released by the Ministry of Commerce and Industry shows that the output of coal, natural gas, petroleum refinery products, steel, cement and power industries grew in February 2022 compared to the same period last year.

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In fact, coal production increased by 6.6 per cent, natural gas 12.5 per cent, petroleum refinery 8.8 per cent, steel 5.7 per cent, cement 5.0 per cent and electricity by 4.0 per cent in February from a year ago, while crude oil and the production of fertilizers declined by 8.8 per cent and 1.4 per cent, respectively. According to the data, the cumulative growth rate of the Index of Eight Core Industries (ICIs) between April and February 2021-22 was 11% (provisional) over the corresponding period of the previous financial year.





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