November Infrastructure Output: The output of core sectors grew by 3.1 per centNew Delhi: Infrastructure Output in November 2021: The output of the eight core infrastructure sectors rose 3.1 per cent in November 2021, compared to the corresponding month last year, government data showed on Friday, December 31. The infrastructure output witnessed a de-growth of 1.1 per cent in November 2020 as the COVID-19 pandemic hit industrial activity across the country.The growth of core sectors stood at 7.5 per cent in October and 4.4 per cent in September 2021. The eight core industries consist of 40.27 per cent of the total weight of the items included in the industrial output or the Index of Industrial Production (IIP).The growth in the infrastructure output last month was mostly driven by natural gas, coal, and petroleum refinery products. The production of natural gas, coal, and petroleum refinery sectors increased by 23.7 per cent, 8.2 per cent, and 4.3 per cent, respectively.The combined index of the eight core industries stood at 131.7 in November 2021, according to provisional data released by the Ministry of Commerce and Industry today. In the year-ago period, the combined index was 127.7.The production of fertilizers, steel, and electricity sectors also registered growth in November, increasing by 2.5 per cent, 0.8 per cent, and 1.5 per cent, respectively, compared to the corresponding period last year.The infrastructure output – which comprises the eight core sectors such as electricity, coal, crude oil, among others, recorded a growth of 13.7 per cent in the April-November period of the current fiscal, compared to a de-growth of 11.1 per cent in the corresponding period last year.Crude oil and cement sectors registered de-growth in production last month at 2.2 per cent and 3.2 per cent, according to Commerce Ministry data.
Source link
Strange India 