The combined index of eight core industries (ICI) declined by 1.8 per cent (provisional) in August as compared to the same month last year. The production of coal, crude oil, natural gas, petroleum refinery products, cement, and electricity recorded negative growth, whereas only steel and fertilisers recorded positive growth in August 2024.
The index measures the combined and individual performance of production of eight core industries. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
The cumulative growth rate of the index of eight core industries from April to August (2024-25) is 4.6 per cent (provisional) as compared to the corresponding period of last year. Coal production (weight: 10.33 per cent) declined by 8.1 per cent in August 2024 over August 2023. Its cumulative index increased by 6.5 per cent from April to August 2024-25 over the corresponding period of the previous year.
Crude oil production (weight: 8.98 per cent) declined by 3.4 per cent in August 2024 over August 2023. Its cumulative index declined by 1.7 per cent from April to August 2024-25 over the corresponding period of the previous year.
Natural gas production (weight: 6.88 per cent) declined by 3.6 per cent in August 2024 over August 2023. Its cumulative index increased by 2.6 per cent from April to August 2024-25 over the corresponding period of the previous year.
Petroleum refinery products (weight: 28.04 per cent) declined by 1.0 per cent in August 2024 over August 2023. Its cumulative index increased by 1.7 per cent from April to August 2024-25 over the corresponding period of the previous year.
Fertiliser production (weight: 2.63 per cent) increased by 3.2 per cent in August 2024 over August 2023. Its cumulative index increased by 1.7 per cent from April to August 2024-25 over the corresponding period of the previous year.
Steel production (weight: 17.92 per cent) increased by 4.5 per cent in August 2024 over August 2023. Its cumulative index increased by 7.3 per cent from April to August 2024-25 over the corresponding period of the previous year. Cement production (weight: 5.37 per cent) declined by 3.0 per cent in August 2024 over August 2023. Its cumulative index increased by 0.7 per cent from April to August 2024-25 over the corresponding period of the previous year.
Electricity generation (weight: 19.85 per cent) declined by 5.0 per cent in August 2024 over August 2023. Its cumulative index increased by 6.8 per cent from April to August 2024-25 over the corresponding period of the previous year. (ANI)
