The combined Index of Eight Core Industries (ICI) increased by 4.6% (provisional) in January 2025 as compared to the last year, commerce ministry data showed on Friday. The production of cement, refinery products, coal, steel, fertilizers and electricity recorded positive growth in January 2025.
The ICI measures the combined and individual performance of production of eight core industries — coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
The final growth rate of the Index of Eight Core Industries for October 2024 increased by 3.8%. The cumulative growth rate of ICI during April to January, 2024-25 is 4.4% (provisional) as compared to the corresponding period of last year.
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Summary Of The Index Of Eight Core Industries
Coal: Coal production, which has a weight of 10.33%, increased by 4.6% in January 2025 over January 2024. Its cumulative index increased by 6.0% from April to January 2024-25 over the corresponding period of the previous year.
Crude Oil: Crude Oil production (weight: 8.98 percent) declined by 1.1 percent in January 2025 over January 2024. Its cumulative index declined by 2.0% from April to January 2024-25 over the corresponding period of the previous year.
Natural Gas: Natural Gas production (weight: 6.88%) declined by 1.5% in January 2025 over January 2024. Its cumulative index increased by 0.5% during April to January, 2024-25 over the corresponding period of the previous year.
Petroleum Refinery Products: Petroleum Refinery production (weight: 28.04%) increased by 8.3% in January 2025 over January 2024. Its cumulative index increased by 3.3% during April to January, 2024-25 over the corresponding period of the previous year.
Fertilizers: Fertilizer production (weight: 2.63%) increased by 3.0% in January 2025 over January 2024. Its cumulative index increased by 1.7% during April to January, 2024-25 over the corresponding period of the previous year.
Steel: Steel production (weight: 17.92%) increased by 3.7% in January 2025 over January 2024. Its cumulative index increased by 5.9% during April to January, 2024-25 over the corresponding period of the previous year.
Cement: Cement production (weight: 5.37%) increased by 14.5% in January 2025 over January 2024. Its cumulative index increased by 4.6% during April to January, 2024-25 over the corresponding period of the previous year.
Electricity: Electricity generation (weight: 19.85%) increased by 1.3% in January 2025 over January 2024. Its cumulative index increased by 5.0% during April to January, 2024-25 over the corresponding period of the previous year.
