India’s eight core industries’ production down 1.3% in Dec

New Delhi, Jan 29 : The production of India’s eight major industries decelerated on a year-on-year basis during December.
The Index of Eight Core Industries’ reading in December showed an output contraction of 1.3 per cent from an expansion of 3.1 per cent.
On a sequential basis, the output of eight major industries had contracted by 1.4 per cent in November.
ECI index comprises 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
These industries comprise coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity.
On a sector specific basis, the output of coal, which has a weight of 10.33 per cent in the index, performed better than others, showing an increase of 2.2 per cent in December 2020 over the same month of the previous year.