Team News Riveting
New Delhi, December 31
The combined Index of Eight Core Industries (ICI) increased by 4.3 per cent (provisional) in November, 2024 as compared to the Index in November, 2023.
The production of Cement, Coal, Steel, Electricity, Refinery Products and Fertilizers recorded positive growth in November 2024.
The ICI measures the combined and individual performance of production of eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
The final growth rate of Index of Eight Core Industries for August 2024 declined by 1.5 per cent. The cumulative growth rate of ICI during April to November, 2024-25 is 4.2 per cent (provisional) as compared to the corresponding period of last year.
The summary of the Index of Eight Core Industries is given below:
Coal – Coal production (weight: 10.33 per cent) increased by 7.5 per cent in November, 2024 over November, 2023. Its cumulative index increased by 6.4 per cent during April to November, 2024-25 over corresponding period of the previous year.
Crude Oil – Crude Oil production (weight: 8.98 per cent) declined by 2.1 per cent in November, 2024 over November, 2023. Its cumulative index declined by 2.4 per cent during April to November, 2024-25 over corresponding period of the previous year.
Natural Gas – Natural Gas production (weight: 6.88 per cent) declined by 1.9 per cent in November, 2024 over November, 2023. Its cumulative index increased by 1.1 per cent during April to November, 2024-25 over corresponding period of the previous year.
Petroleum Refinery Products – Petroleum Refinery production (weight: 28.04 per cent) increased by 2.9 per cent in November, 2024 over November, 2023. Its cumulative index increased by 2.7 per cent during April to November, 2024-25 over corresponding period of the previous year.
Fertilizers – Fertilizer production (weight: 2.63 per cent) increased by 2.0 per cent in November, 2024 over November, 2023. Its cumulative index increased by 1.6 per cent during April to November, 2024-25 over corresponding period of the previous year.
Steel – Steel production (weight: 17.92 per cent) increased by 4.8 per cent in November, 2024 over November, 2023. Its cumulative index increased by 5.9 per cent during April to November, 2024-25 over corresponding period of the previous year.
Cement – Cement production (weight: 5.37 per cent) increased by 13.0 per cent in November, 2024 over November, 2023. Its cumulative index increased by 3.1 per cent during April to November, 2024-25 over corresponding period of the previous year.
Electricity – Electricity generation (weight: 19.85 per cent) increased by 3.8 per cent in November, 2024 over November, 2023. Its cumulative index increased by 5.3 per cent during April to November, 2024-25 over corresponding period of the previous year.
