Industrial Sector

The growth rate of the eight major industries in December 2021, on a sequential basis, rose to 3.8 per cent from 3.4 per cent in November 2021. Similarly, the Index of Eight Core Industries' (ICI) index reading rose on a year-on-year basis. The ICI reading during December 2020 stood at 0.4 per cent. The ICI index comprises 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) and comprises coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity.