Question: According to the Index of Eight Core Industries May, 2017, the production of coal has…
(a) Increased
(b) Declined
(c) Stable
(d) None of the above.
Ans: (b)
- The summary of the Index of Eight Core Industries (base: 2011-12) as of May , 2017, is as follows:
Coal production (weight: 10.33%) declined by 3.3% in May, 2017 over May, 2016. Its cumulative index declined by 3.3% during April to May, 2017-18 over corresponding period of the previous year. - Crude Oil production (weight: 8.98 %) increased by 0.7% in May, 2017 over May, 2016. Its cumulative index increased by 0.1 % during April to May, 2017-18 over the corresponding period of previous year.
- The Natural Gas production (weight: 6.88 %) increased by 4.5 % in May, 2017 over May, 2016. Its cumulative index increased by 3.3 % during April to May, 2017-18 over the corresponding period of previous year.
- Petroleum Refinery production (weight: 28.04%) increased by 5.4% in May, 2017 over May, 2016. Its cumulative index increased by 2.8 % during April to May, 2017-18 over the corresponding period of previous year.
- Fertilizer production (weight: 2.63 %) declined by 6.5% in May, 2017 over May, 2016. Its cumulative index declined by 0.8 % during April to May, 2017-18 over the corresponding period of previous year.
- Steel production (weight: 17.92%) increased by 3.7% in May, 2017 over May, 2016. Its cumulative index increased by 6.3% during April to May, 2017-18 over the corresponding period of previous year.
- Cement production (weight: 5.37%) increased by 1.8% in May, 2017 over May, 2016. Its cumulative index declined by 0.3 % during April to May, 2017-18 over the corresponding period of previous year.
- Electricity generation (weight: 19.85%) increased by 6.4 % in May, 2017over May, 2016. Its cumulative index increased by5.9% during April to May, 2017-18 over the corresponding period of previous year. Electricity generation data from renewable sources are also included.
- The Eight Core Industries comprise 40.27 % of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stands at 126.4 in May, 2017, which was 3.6 % higher compared to the index of May, 2016. Its cumulative growth during April to May, 2017-18 was 3.2 %.
- Note 1: Data for March, 2017, April, 2017 and May, 2017 are provisional.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=167031