The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade released the Index of Eight Core Industries (ICI) for the Month of May, 2021.
Daily Current Affairs Quiz 2021
ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity.
The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
The combined Index of Eight Core Industries stood at 125.8 in May 2021, which increased by 16.8 per cent (provisional) as compared to the Index of May 2020.
The production of Coal, Natural Gas, Refinery Products, Steel, Cement and Electricity industries increased in May 2021 over the corresponding period of last year.
Final growth rate of Index of Eight Core Industries for February 2021 is revised to (-) 3.3% from its provisional level (-) 4.6%. The growth rate of ICI during April-May 2021-22 was 35.8% (P) as compared to the corresponding period of last FY.
