Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: 5.0
Article rating: 5.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: 3.3
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
RSS

News

Eight Indian core industries’ September output up 5.2%

Author: IANS/Wednesday, November 1, 2017/Categories: Economy

Eight Indian core industries’ September output up 5.2%

New Delhi - The output of India's eight major industries continues to expand, rising 5.2% in September, from a rise of 4.4% during the previous month, official data showed.

Year-on-year there was a marginal fall with the Index of Eight Core Industries (ECI), representing the output of major industrial sectors like coal, steel, cement and electricity, having risen by 5.3% in the corresponding month of the previous year.

"The combined Index of Eight Core Industries stands at 122.5 in September 2017, which was 5.2% higher compared to the index of September 2016," a Commerce Ministry statement said.

Relecting the impact of demonetisation, however, the core industries' cumulative growth for the first half of the current fiscal fell to 3.3% as compared to the 5.4% jump in ECI during the same period last year.

"Its cumulative growth during April to September 2017-18 was 3.3%," the ministry said in the summary of the ECI for first half of the fiscal.

The ECI index carries 40.27 per cent weightage of the Index of Industrial Production (IIP) which is the macro-gauge for India's factory output.

On a sector-specific basis, refinery production, which has the highest weightage of 28.03%, grew by 8.1% in September 2017 as compared with the corresponding month of last year.

Electricity generation, which has the second highest weightage of 19.85, rose by 5.2%.

Steel production, the third most important component with weightage of 17.92, increased by 3.7% during the month under review, while coal mining, with a 10.33 weightage, rose by 10.6%.

Extraction of crude oil, which has an 8.98 weightage, increased marginally by 0.1% during the month under consideration.

Cement production too, which has a weightage of 5.37, increased only by 0.1% in September.

On the other hand, the sub-index for natural gas output, with a weightage of 6.88, stood higher by 6.3%.

Fertiliser manufacturing, which has the least weightage -- only 2.63 -- fell by a sharp 7.7% during the month in question.

Print Rate this article:
No rating

Number of views (174)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free