The cumulative progress fee of Index of Eight Core Industries (ICI) stood at 10.4% throughout April-March 2021-22 in comparison with the identical yr within the earlier fiscal.
Development of the eight core sectors in February has been revised to six.0% from 5.8% earlier whereas progress within the remaining progress fee for December 2021 is revised to 4.1% from its provisional stage of three.8%.
Six sectors together with pure gasoline (7.6%), refinery merchandise (6.2%), metal (3.7%), cement (8.8%), fertilisers (15.3%) and electrical energy (4.9%) reported a progress within the month of March.
Coal and Crude oil sectors witnessed a contraction of 0.1% and three.4% respectively this month on a year-on-year foundation.
The fertiliser sector noticed a progress of 15.3% in March 2022 towards a contraction of 5% seen in March 2021 and a contraction of 1.4% in February 2022.
The index measures output of eight infrastructure industries – coal, crude, pure gasoline, refinery merchandise, fertilisers, cement, metal and electrical energy.
The core sector makes up 40% of the Index of Industrial Manufacturing (IIP), making it a lead indicator of commercial exercise.