Wednesday, 1 February 2017

India's core industries output rises to 5.6% in December

India's select industrial output rose to 5.6 per cent in December 2016 on the back of higher production of steel, refinery products and electricity, official data showed on Tuesday. The gauge for select factory output -- Index of Eight Core Industries (ECI) -- had increased by 4.9 per cent in November and risen by 2.9 per cent during the corresponding month of 2015. 

The data which represents the output of major industrial sectors was released by the Ministry of Commerce and Industry. The ECI comprises of nearly 38 per cent weightage of the items included in the Index of Industrial Production (IIP). The index includes sectors like coal, crude oil, natural gas, refinery products, fertilisers, steel (alloy and non-alloy), cement and electricity.

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