On a sequential basis, the eight major industries index (ICI) readings for the last month showed a faster rate of expansion at 7.5% (provisional) versus a 4.5% increase (provisional) .
Likewise, year over year, IBI readings during the period under review were above the (-) 0.5% reported for October 2020.
The ICI index comprises 40.27% of the weight of the elements included in the industrial production index (IIP), and includes coal, crude oil, natural gas, refined products, fertilizers, steel , cement and electricity.
“The combined index of the top eight industries stood at 136.2 in October 2021, which is up 7.5% (provisional) from the October 2020 index,” a ministry statement said. of Commerce and Industry.
“The output of industries” Coal, natural gas, refinery products, fertilizers, steel, cement and electricity “increased in October 2021 compared to the corresponding period last year.”
According to the statement, the final growth rate of the index of the eight main industries for July 2021 is revised to 9.9% from its provisional level of 9.4%.
“ICI’s growth rate from April to October 2021-2022 was 15.1% (P) compared to the corresponding period last year.”