Core industries' output grows by 18.1 per cent in May

Story by  ATV | Posted by  Nakul Shivani | Date 01-07-2022
Core Industries output has seen a sharp rise
Core Industries output has seen a sharp rise

 

New Delhi

According to the latest government data, India's eight core industries, which include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity, grew 18.1 per cent year-on-year in May.

Coal industries grew by 25.1 per cent and fertilizer industries were up by 22.8 per cent. While the cement industries zoomed by 26.3 per cent, whereas the electricity sector increased by 22 per cent.

Crude oil production increased by 4.6 per cent in May. Its cumulative index increased by 1.8 per cent from April to May over the corresponding period of the previous year.

Further, natural gas production increased by 7 per cent in May. Its cumulative index increased by 6.7 per cent from April to May over the corresponding period of the previous year.

Petroleum refinery production increased by 16.7 per cent in May. Its cumulative index increased by 12.8 per cent from April to May over the corresponding period of the previous year.

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Fertilizers, steel, cement, and electricity production increased by 22.8 per cent, 15 per cent, 26.3 per cent, and 22 per cent, respectively in May.