India's Eight Core Industries Rise by over 4 Percent in May
TEHRAN (ANA)- The combined index of India's eight core industries including coal, crude oil, natural gas and petroleum increased 4.3 percent in May as compared to the same month last year, the federal Ministry of Commerce and Industry said.
The production of cement, fertilizers, steel, coal, and refinery products increased in May over the corresponding month of last year, while the others declined, it added.
The eight core industries comprise nearly 40.27 percent of the weight of data-x-items included in the Index of Industrial Production.
Coal production rose 7.2 percent, petroleum refinery production 2.8 percent, fertilizers production 9.7 percent, steel production 9.2 percent, and cement production 15.5 percent, said the ministry in a statement.
It further said that crude oil production declined 1.9 percent, natural gas production 0.3 percent, and electricity generation 0.3 percent, respectively.
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