Index Of Infrastructure Output
In India, Infrastructure Output is a measure of production in a range of sectors related to infrastructure (referred to as Eight Core Industries). These are refinery production (weight: 28%), electricity generation (19.9%), steel production (17.9%), coal production (10.3%), crude oil production (8.9%), natural gas production (6.9%), cement production (5.4%) and fertilizers production (2.6%).
Infrastructure accounts for nearly 40% of India's industrial output monitored through the Index of Industrial Production (see IIP). A slowdown in the infrastructure output serves as a strong indicator of nation's overall economic performance. The data is released monthly by the Office of Economic Advisor and is used by economists and analysts to effect necessary corrective and policy measures.
In India, Infrastructure Output is a measure of production in a range of sectors related to infrastructure (referred to as Eight Core Industries). These are refinery production (weight: 28%), electricity generation (19.9%), steel production (17.9%), coal production (10.3%), crude oil production (8.9%), natural gas production (6.9%), cement production (5.4%) and fertilizers production (2.6%).
Infrastructure accounts for nearly 40% of India's industrial output monitored through the Index of Industrial Production (see IIP). A slowdown in the infrastructure output serves as a strong indicator of nation's overall economic performance. The data is released monthly by the Office of Economic Advisor and is used by economists and analysts to effect necessary corrective and policy measures.
SUBJECT Variables
COMBINED (8 CORE INDUSTRIES)
- Infrastructure output, gauged by the Index of Infrastructure Production, comprising the 8 core industries (coal, crude oil, natural gas, petroleum, fertilizers, steel, cement, electricity) rose by 6.7% year-over-year (YoY) in Feb'24. The highest production growth was recorded in coal (11.6%) while production of steel increased by 8.4% in Feb'24.
- Annual production growth across the 8 core industries rose by 10.4% YoY in 2021-22. This can be primarily attributed to a lower base effect as the comparison is with 2020-21 where the production shrunk by 6.4% due to the Covid outbreak. When compared with 2019-20, the annual production in 2021-22 increased only by 3.4%.
- Annual production growth across the 8 core industries rose by 7.8% YoY in 2022-23
COAL
- Coal production recorded a 11.6% YoY growth in Feb'24 in comparison to a growth of 10.2% recorded in Jan'24.
- Annual coal production rose by 8.5% YoY in 2021-22. This can be primarily attributed to a lower base effect as the comparison is with 2020-21 where the coal production shrunk by 1.9% due to the Covid outbreak. When compared with 2019-20, the annual production of coal in 2021-22 increased only by 6.5%.
- Annual coal production rose by 14.8% YoY in 2022-23
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