The combined Index of Eight Core Industries (ICI) increased by 6.7 percent (provisional) in February 2024 as compared to the Index of February 2023. The production of Coal, Natural Gas, Cement, Steel, Crude Oil, Electricity and Refinery Products recorded positive growth in February 2024.
The final growth rate of Index of Eight Core Industries for November 2023 is revised to 7.9 percent. The cumulative growth rate of ICI during April to February, 2023-24 is 7.7 percent (provisional) as compared to the corresponding period of last year.
Growths in the 8 core industries
Cement production increased by 10.2 percent in February 2024 over February 2023. Its cumulative index increased by 9.1 percent during April-February 2023-24 over corresponding period of the previous year.
Coal production increased by 11.6 percent in February 2024 over February 2023. Its cumulative index increased by 12.1 percent during April-February 2023-24 over corresponding period of the previous year.
Crude Oil production increased by 7.9 percent in February 2024 over February 2023. Its cumulative index increased by 0.5 percent during April-February 2023-24 over corresponding period of the previous year.
Electricity generation increased by 6.3 percent in February 2024 over February 2023. Its cumulative index increased by 6.8 percent during April-February 2023-24 over corresponding period of the previous year.
Fertilizer production declined by 9.5 percent in February 2024 over February 2023. Its cumulative index increased by 4.1 percent during April-February 2023-24 over corresponding period of the previous year.
Natural Gas production increased by 11.3 percent in February 2024 over February 2023. Its cumulative index increased by 6.0 percent during April to February 2023-24 over corresponding period of the previous year.
Petroleum Refinery production increased by 2.6 percent in February 2024 over February 2023. Its cumulative index increased by 3.8 percent during April-February 2023-24 over corresponding period of the previous year.
Steel production increased by 8.4 percent in February 2024 over February 2023. Its cumulative index increased by 12.9 percent during April-February 2023-24 over corresponding period of the previous year.
