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Core industries News
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The summary of the Index of Eight Core Industries is as follows:Coal - Coal production, which has a weight of 10.33 per cent, increased by 4.6 per cent in January 2025 over January 2024.
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India's core industries saw a growth of 2 per cent in September compared to the same month last year, riding on the growth in the production of cement, refinery products, coal, fertilisers, and steel.
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Fertiliser output during the month increased by 2.4 per cent while steel production also went up by 2.7 per cent. However, crude oil production declined by 2.6 per cent in June.
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The cumulative growth rate of ICI during April to October, 2023-24 is 8.6 percent(provisional) as compared to the corresponding period of last year, Ministry of Commerce & Industry release said.
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Final growth rate of Index of Eight Core Industries for April 2020 is revised at -37.9%.
The Eight Core Industries comprise 40.27 per cent of the weight of items included in the IIP.
Barring fertiliser, all seven sectors recorded negative growth in July.
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Barring fertiliser, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - had recorded negative growth in June.
The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
Final growth rate of Index of Eight Core Industries for March 2020 is revised at -8.6 %.
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Final growth rate of Index of Eight Core Industries for February 2020 is revised at 6.4%.
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The output of eight core sectors of the Indian industry – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity – declined by 5.8% in October, according to data released by the Ministry of Commerce and Industry on Friday.
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The eight core industries recorded 0.5 per cent decline during August, mainly due to the fall in the output of coal, crude oil, natural gas, cement, and electricity, according to government data released on Monday.
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The sharp decline in the pace of growth during June follows a six-month high rate of 4.4 percent in May this year.
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The eight sectors contribute 38 percent to the overall industrial production, a parameter that the RBI takes into account while framing its monetary policy.
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The growth rate of core sector industries has been declining since November last year. It was 6.7 percent in November 2014, which fell to 2.4 percent in December 2014 and then to 1.8 percent in January and 1.4 percent in February.
The previous low logged by the core industries was in October 2013 at (-) 0.6 percent.
Eight core sectors registered negative growth of 0.1 percent in March while production growth slowed down to 3.5 percent in 2014-15 against 4.2 previous in previous year, government data showed on Thursday.
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Decline in output of crude oil and natural gas pulled down the growth of eight core industries to 17-month low of 1.4 percent in February.
Led by healthy growth in coal, cement and electricity sectors, the eight core industries grew by 5.8 percent in August this year against 4.7 percent in the same month last year.
Coal, crude oil, cement and electricity recorded a growth of 8.1 percent, 0.1 percent, 13.6 percent and 15.7 percent respectively in the month under review.
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