The Index of Eight Core Industries (ICI) showed a provisional growth of 6.2 percent in April 2024 compared to April 2023. This was because of the positive growth recorded in the production of Electricity, Natural Gas, Coal, Steel, Refinery Products, Crude Oil, and Cement during this period.
For January 2024, the final ICI growth rate was revised to 4.1 percent. The cumulative growth rate of ICI for the fiscal year 2023-24 was reported at 7.6 percent (provisional), compared to the same period the previous year.
Summary of the Index of Eight Core Industries:
- Cement: Production increased by 0.6 percent in April 2024 over April 2023, with a cumulative index rise of 9.0 percent during 2023-24 compared to the previous year.
- Coal: Production rose by 7.5 percent in April 2024 over April 2023, with a cumulative index increase of 11.8 percent during 2023-24 compared to the previous year.
- Crude Oil: Production grew by 1.6 percent in April 2024 over April 2023, with a cumulative index increase of 0.6 percent during 2023-24 compared to the previous year.
- Electricity: Generation rose by 9.4 percent in April 2024 over April 2023, with a cumulative index increase of 7.1 percent during 2023-24 compared to the previous year.
- Fertilizers: Production declined by 0.8 percent in April 2024 over April 2023, with a cumulative index increase of 3.7 percent during 2023-24 compared to the previous year.
- Natural Gas: Production rose by 8.6 percent in April 2024 over April 2023, with a cumulative index increase of 6.1 percent during 2023-24 compared to the previous year.
- Petroleum Refinery Products: Production increased by 3.9 percent in April 2024 over April 2023, with a cumulative index rise of 3.6 percent during 2023-24 compared to the previous year.
- Steel: Production grew by 7.1 percent in April 2024 over April 2023, with a cumulative index increase of 12.4 percent during 2023-24 compared to the previous year.
