Team News Riveting
New Delhi, February 3
The coal sector has shown the highest growth of 5.3 per cent (provisional), reaching 215.1 points in December 2024, compared to 204.3 points in December 2023, among the eight core industries as per the Index of Eight Core Industries (ICI) (Base Year 2011-12), a data released by the Ministry of Commerce and Industry said.
During the period of April to December 2024, the coal industry’s index rose to 177.6 points, up from 167.2 points during the same period last year, marking a robust growth of 6.2 per cent, the highest among all eight core industries.
The ICI measures the combined and individual performance of production across eight core industries: cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.
The Combined Index of Eight Core Industries showed 4.0 per cent growth in December 2024 compared to the same period in the previous year. The index for the period April to December 2024 increased by 4.2 per cent compared to the same period of FY 2023-24, emphasizing the coal sector’s substantial contribution to overall industrial expansion.
This remarkable growth is largely attributed to a significant increase in coal production during April-December 2024, which reached an impressive 726.31 million tonnes (MT), up from 684.47 MT during the same period of last year. This surge underscores the sector’s ability to meet the growing demand from the energy and manufacturing industries.
