In May 2024, the combined Index of Eight Core Industries showed a provisional increase of 6.3 percent compared to May 2023 as per the data released by the Union Ministry of Commerce & Industry. Positive growth was noted in the production of Electricity, Coal, Steel, Natural Gas, and Refinery Products during this period.
For February 2024, the final growth rate of the Index of Eight Core Industries was 7.1 percent. The cumulative growth rate of the ICI for April to May 2024-25 was provisionally recorded at 6.5 percent compared to the same period last year.
The summary of the Index of Eight Core Industries is as follows:
- Cement production decreased by 0.8 percent in May 2024 compared to May 2023, with a cumulative decline of 0.6 percent from April to May 2024-25 compared to the previous year.
- Coal production rose by 10.2 percent in May 2024 compared to May 2023, with an 8.9 percent increase in the cumulative index for April to May 2024-25.
- Crude Oil production fell by 1.1 percent in May 2024 compared to May 2023, with a slight cumulative increase of 0.2 percent for April-May 2024-25.
- Electricity generation saw a 12.8 percent increase in May 2024 over May 2023, with a cumulative rise of 11.6 percent for April to May 2024-25.
- Fertilizer production declined by 1.7 percent in May 2024 compared to May 2023, with a cumulative decrease of 1.2 percent for April to May 2024-25.
- Natural Gas production increased by 7.5 percent in May 2024 compared to May 2023, with a cumulative rise of 8.0 percent for April to May 2024-25.
- Petroleum Refinery production grew by 0.5 percent in May 2024 compared to May 2023, with a cumulative increase of 2.2 percent for April to May 2024-25.
Steel production rose by 7.6 percent in May 2024 compared to May 2023, with a cumulative increase of 8.2 percent for April to May 2024-25.


