New Delhi: The Index of Eight Core Industries (ICI) declined in October. The production of eight infrastructure sectors slipped down to 0.1% in October. It was at 8.7% in the same month last year. In September, the core sectors’ output growth stood at 7.8%.
The production growth of eight infrastructure sectors was 8.2% during April-October this fiscal. It was at 15.6% a year ago. In October, crude oil, natural gas, refinery products, and cement output recorded negative growth rate.
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The ICI is calculated after considering the combined and individual performance of production in selected 8 core industries. The 8 industries are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
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