The index measures the combined and individual performance of the production of eight core industries -- coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.
The coal sector has demonstrated the highest growth of 14.8 %, among the eight core industries for the month of June 2024 as per the Index of Eight Core Industries released this week by the Ministry of Commerce and Industries.
India's index of the eight core sectors grew 4 per cent on an annual basis in June, after growing 6.3 per cent in May, official data showed on Wednesday.
Concurrently, the Eight Core Industries Index expanded by 6.5 per cent year-on-year in the first two months of FY25, buoyed primarily by increased activity in essential sectors such as coal, natural gas, and electricity.
According to a press release by the Ministry of Coal, the ICI, which monitors the production performance of eight core industries--cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel--reported a combined index increase of 6.3 per cent for May 2024.
The combined Index of Eight Core Industries (ICI) increased by 6.3 per cent in May, 2024 as compared to last year, said the Ministry of Commerce and Industry on Friday.
According to the latest data released by the government, the production of electricity, natural gas, coal, steel, refinery products, crude oil, and cement exhibited notable growth during April 2024, underscoring the resilience of these core sectors.
The coal sector in India has exhibited highest growth of 11.6 per cent (provisional) among the eight core industries for the month of February 2024 as per the Index of Eight Core Industries (ICI) released by Ministry of Commerce and Industries.
According to a press release by the Ministry of Coal, this growth, as per the Index of Eight Core Industries (ICI) (Base Year 2011-12), underscores the pivotal role played by the coal industry in propelling the nation's economic progress.
According to a press release, cement stands as one of India's eight core industries, accounting for a significant 5.37 per cent weightage in the Index of Industrial Production (IIP).