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The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade released Index of Eight Core Industries (ICI) for the Month of August, 2021.
About
- The combined Index of Eight Core Industries stood at 133.5 in August 2021, which increased by11.6 percent (provisional) as compared to the Index of August 2020.
- The production of Coal, Natural Gas, Refinery Products, Steel, Cement and Electricity industries increased in August 2021 over the corresponding period of last year.
About Index of Eight Core Industries
- The Index of Eight Core Industries captures the output of coal, crude oil, natural gas, steel, cement, fertilisers, electricity, and refinery products.
- These core industries are considered as main or key industries of the economy and serve as the backbone of all other industries.
- The index has a 40.27% weight in the Index of Industrial Production (IIP), suggesting a sharp contraction in that indicator.
- The base year of the index has been revised to 2011-12 from 2004-05 in alignment with the new series of IIP.
Source:BS
