Index of Eight Core Industries for June 2024

The Index of Eight Core Industries (ICI) recorded a provisional increase of 4.0% in June 2024 compared to June 2023. Positive growth was noted in the production of Coal, Electricity, Natural Gas, Steel, Fertilizers, and Cement. The final growth rate for March 2024 stands at 6.3%, with a cumulative growth rate of 5.7% from April to June 2024.

Detailed Performance

• Cement: Production increased by 1.9% in June 2024. The cumulative index rose by 0.3% from April to June 2024.
• Coal: Production saw a significant rise of 14.8% in June 2024. The cumulative index grew by 10.8% during April to June 2024.
• Crude Oil: Production declined by 2.6% in June 2024. The cumulative index fell by 0.7% from April to June 2024.
• Electricity: Generation increased by 7.7% in June 2024. The cumulative index surged by 10.5% from April to June 2024.
• Fertilizers: Production grew by 2.4% in June 2024, with the cumulative index remaining unchanged during April to June 2024.
• Natural Gas: Production saw a rise of 3.3% in June 2024. The cumulative index increased by 6.4% from April to June 2024.
• Petroleum Refinery Products: Production decreased by 1.5% in June 2024. The cumulative index increased by 0.9% during April to June 2024.
• Steel: Production grew by 2.7% in June 2024. The cumulative index rose by 6.1% from April to June 2024.

Weightage and Composition

The Eight Core Industries, which account for 40.27% of the Index of Industrial Production (IIP), include:

• Cement (5.37%)
• Coal (10.33%)
• Crude Oil (8.98%)
• Electricity (19.85%)
• Fertilizers (2.63%)
• Natural Gas (6.88%)
• Petroleum Refinery Products (28.04%)
• Steel (17.92%)

Notes

• Data for April, May, and June 2024 are provisional and subject to revision.
• Since April 2014, electricity generation data includes renewable sources.
• As of March 2019, Hot Rolled Pickled and Oiled (HRPO) steel is included under the production of finished steel.

Future Release

The index for July 2024 will be released on August 30, 2024.