The Index of Eight Core Industries (ICI) recorded a 4.3% year-on-year growth in November 2024, according to the Ministry of Commerce and Industry. The rise reflects increased production in cement, coal, steel, electricity, refinery products, and fertilizers.
Key Highlights:
- Cement: Growth of 13.0% in November 2024 compared to November 2023.
- Coal: Increased production by 7.5%.
- Steel: Growth of 4.8%.
- Electricity: Recorded a 3.8% rise.
- Refinery Products: Increased by 2.9%.
- Fertilizers: Grew by 2.0%.
However, crude oil and natural gas production declined by 2.1% and 1.9%, respectively.
The cumulative growth of the ICI from April to November 2024-25 was reported at 4.2%, down from 8.7% during the same period last year. The ICI contributes 40.27% to the Index of Industrial Production (IIP).
Note:
The next ICI release for December 2024 will be on January 31, 2025.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always refer to official government releases for detailed updates.
