Manufacturing of eight infrastructure sectors expanded by 3.7% in January 2022 in opposition to a development of 1.3% in the identical month final yr over increased coal and pure fuel manufacturing within the nation, information made accessible by the Ministry of Commerce & Business confirmed on Monday.
The core sector industries had grown by 4.1% in December 2021.
Nonetheless, manufacturing of crude oil declined by 2.4% whereas that of fertilizers slipped by 2% in January 2022 in opposition to the comparable interval final yr. The eight core industries maintain 40.27% weight within the Index of Industrial Manufacturing (IIP).
In what could possibly be an indication of revival within the development sector, cement manufacturing jumped by 13.6% whereas metal manufacturing rose by 2.8 %. Coal manufacturing additionally went up by 8.2%.
Electrical energy technology logged a slight improve of 0.5% in January 2022 over January 2021. The manufacturing of Petroleum Refinery Merchandise, the sector with the best weightage (28.04%) within the index, elevated by 3.7%.
The expansion fee of the eight infrastructure sectors — coal, crude oil, pure fuel, refinery merchandise, fertilizers, metal, cement and electrical energy — got here in at 11.6% throughout April-January this fiscal as in opposition to a contraction of 8.6% in the course of the comparable interval final fiscal.
Supply: Live Mint