The production of Steel, Electricity, Coal, Refinery Products, Cement, and Fertilizers recorded positive growth in July 2024.
The final growth rate of Index of Eight Core Industries for April 2024 stood at 6.9 per cent. The cumulative growth rate of ICI during April to July, 2024-25 stood at 6.1 per cent as compared to the corresponding period of last year.
The cement increased grew by 5.5 per cent in July. The cumulative index increased by 1.6 per cent during April to July, 2024-25 over corresponding period of the previous year.
For coal industry, the output increased by 6.8 per cent in July. Meanwhile, the crude sector declined by 2.9 per cent. The electricity generation increased by 7.0 per cent in July.
The fertilizers production increased by 5.3 per cent in July on an annual basis. The Natural Gas sector declined by 1.3 per cent in July, 2024.Petroleum Refinery production increased by 6.6 per cent in July over the corresponding period of the previous year. Steel production increased by 7.2 per cent in July, 2024.The ICI measures the combined and individual performance of production of eight core industries viz. Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).