Once again, the low-base effect has come into play. The Index of Core Industries (ICI) grew by 11.6 per cent in August 2021, the sixth straight month of above-average growth, thanks to the abnormally low growth rates in Read more
The index of core sector production, comprising eight critical sectors, showed a year-on-year growth of 21.2 per cent during the April-July period of FY22. This was largely due to a “low-base” effect. According to the latest statistics released by Read more
Production of eight core industries declined 7 per cent in FY21, according to government statistics released recently. The combined output of eight core sector industries—coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity—was down 7 per Read more
In view of the nationwide lockdown in May 2020, the eight core industries suffered a decline of 23.4 per cent in May 2020. However, this was still better than the 37 per cent fall seen in April 2020. Read more
Latest industrial production statistics released by the Central government point to a sharp deceleration of industrial activity, albeit on expected lines. The latest Index of Industrial Production (IIP) release by Ministry of Statistics & Programme Implementation (MOSPI) carries “quick Read more