Infrastructure Output Of Core Sectors Rises 7.5% In October 2021
Infrastructure Output in October 2021: The output of the eight core infrastructure sectors rose 7.5 per cent in October 2021, compared to the corresponding month last year, government data showed on Tuesday, November 30. The infrastructure output witnessed a de-growth of 0.5 per cent in October 2020 as the COVID-19 pandemic hit industrial activity across the country.
The growth of core sectors stood at 4.4 per cent in September and 11.5 per cent in August 2021. The eight core industries consists of 40.27 per cent of the total weight of the items included in the industrial output or the Index of Industrial Production (IIP).
The growth in the infrastructure output last month was mostly driven by natural gas, coal, cement, and petroleum refinery products. The production of natural gas, coal, and cement sectors increased by 25.8 per cent, 14.6 per cent, and 14.5 per cent, respectively.
The combined index of the eight core industries stood at 136.2 in October 2021, according to provisional data released by the Ministry of Commerce and Industry today. In the year-ago period, the combined index was 126.7
The production of petroleum refinery products, fertilizers, steel, and electricity sectors also registered growth in October, increasing by 14.4 per cent, 0.04 per cent, 0.9 per cent, and 2.8 per cent, respectively, compared to the corresponding period last year.
The infrastructure output - which comprises the eight core sectors such as electricity, coal, crude oil, among others, recorded a growth of 15.1 per cent in the April-October period of the current fiscal, compared to a de-growth of 12.6 per cent in the corresponding period last year.
Crude oil is the only sector that registered a de-growth in production last month at 2.2 per cent, according to Commerce Ministry data. The sector has recorded a de-growth for the past three-four months.
Separate government data showed that the country's gross domestic product (GDP) grew by 8.4 per cent in the July-September quarter, compared to 20.1 per cent in the preceding April-June quarter.
