Index of Eight Core Industries increased by 4.6per cent for January 2025
The Index of Eight Core Industries for January 2025, based on the 2011-12 base year, indicates a growth rate of 4.6%. This marks a positive trend in key sectors contributing to the overall industrial output.
Key highlights include:
Growth Sectors: The production of several core industries showed notable increases:
- Cement
- Refinery Products
- Coal
- Steel
- Fertilizers
- Electricity
Comparative Performance: This growth follows a reported increase of 4.0% in December 2024, suggesting a continuing upward trajectory in industrial production.
Implications: The positive performance of these industries is indicative of robust economic activity and may suggest favorable conditions for investment and employment in these sectors.
This data is critical for policymakers, economists, and investors as it reflects the health of the industrial sector and can influence economic forecasts and strategies.
Ministry of Commerce & Industry
INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR JANUARY, 2025
Posted On: 28 FEB 2025 5:00PM by PIB Delhi
The combined Index of Eight Core Industries (ICI) increased by 4.6per cent (provisional) in January, 2025 as compared to the Index in January, 2024. The production of Cement, Refinery Products, Coal, Steel, Fertilizers and Electricity recorded positive growth in January, 2025. The details of annual indices, monthly indices and growth rates are provided at Annex I and Annex II.
The ICI measures the combined and individual performance of production of eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
The final growth rate of Index of Eight Core Industries for October 2024 increased by3.8per cent. The cumulative growth rate of ICI during April to January, 2024-25is4.4 percent (provisional) as compared to the corresponding period of last year.
The summary of the Index of Eight Core Industries is given below:
Coal – Coal production (weight: 10.33 per cent) increased by 4.6 per cent in January, 2025 over January, 2024. Its cumulative index increased by 6.0 per cent during April to January, 2024-25 over corresponding period of the previous year.
Crude Oil – Crude Oil production (weight: 8.98 per cent) declined by 1.1 per cent in January, 2025 over January, 2024. Its cumulative index declined by 2.0 per cent during April to January, 2024-25 over corresponding period of the previous year.
Natural Gas – Natural Gas production (weight: 6.88 per cent) declined by 1.5 per cent in January, 2025 over January, 2024. Its cumulative index increased by 0.5per cent during April to January, 2024-25 over corresponding period of the previous year.
Petroleum Refinery Products – Petroleum Refinery production (weight: 28.04 per cent) increased by 8.3 per cent in January, 2025 over January, 2024. Its cumulative index increased by 3.3 per cent during April to January, 2024-25 over corresponding period of the previous year.
Fertilizers – Fertilizer production (weight: 2.63 per cent) increased by 3.0 per cent in January, 2025 over January, 2024. Its cumulative index increased by 1.7 per cent during April to January, 2024-25 over corresponding period of the previous year.
Steel – Steel production (weight: 17.92 per cent) increased by 3.7 per cent in January, 2025 over January, 2024. Its cumulative index increased by 5.9 per cent during April to January, 2024-25 over corresponding period of the previous year.
Cement – Cement production (weight: 5.37 per cent) increased by 14.5 per cent in January, 2025 over January, 2024. Its cumulative index increased by 4.6 per cent during April to January, 2024-25 over corresponding period of the previous year.
Electricity – Electricity generation (weight: 19.85 per cent) increased by 1.3 per cent in January, 2025 over January, 2024. Its cumulative index increased by 5.0 per cent during April to January, 2024-25 over corresponding period of the previous year.
Note 1: Data for November, 2024, December, 2024 and January, 2025are provisional. Index numbers of Core Industries are revised / finalized as per updated data from source agencies.
Note 2: Since April 2014, Electricity generation data from Renewable sources are also included.
Note 3: The industry-wise weights indicated above are individual industry weights derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.
Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.
Note 5: Release of the index for February, 2025 will be on Friday 28thMarch, 2025.
Annex I
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2011-12=100
Index
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Index |
| Weight | 10.33 | 8.98 | 6.88 | 28.04 | 2.63 | 17.92 | 5.37 | 19.85 | 100.00 |
| 2012-13 | 103.2 | 99.4 | 85.6 | 107.2 | 96.7 | 107.9 | 107.5 | 104.0 | 103.8 |
| 2013-14 | 104.2 | 99.2 | 74.5 | 108.6 | 98.1 | 115.8 | 111.5 | 110.3 | 106.5 |
| 2014-15 | 112.6 | 98.4 | 70.5 | 108.8 | 99.4 | 121.7 | 118.1 | 126.6 | 111.7 |
| 2015-16 | 118.0 | 97.0 | 67.2 | 114.1 | 106.4 | 120.2 | 123.5 | 133.8 | 115.1 |
| 2016-17 | 121.8 | 94.5 | 66.5 | 119.7 | 106.6 | 133.1 | 122.0 | 141.6 | 120.5 |
| 2017-18 | 124.9 | 93.7 | 68.4 | 125.2 | 106.6 | 140.5 | 129.7 | 149.2 | 125.7 |
| 2018-19 | 134.1 | 89.8 | 69.0 | 129.1 | 107.0 | 147.7 | 147.0 | 156.9 | 131.2 |
| 2019-20 | 133.6 | 84.5 | 65.1 | 129.4 | 109.8 | 152.6 | 145.7 | 158.4 | 131.6 |
| 2020-21 | 131.1 | 80.1 | 59.8 | 114.9 | 111.6 | 139.4 | 130.0 | 157.6 | 123.2 |
| 2021-22 | 142.3 | 77.9 | 71.3 | 125.1 | 112.4 | 163.0 | 156.9 | 170.1 | 136.1 |
| 2022-23 | 163.5 | 76.6 | 72.4 | 131.2 | 125.1 | 178.1 | 170.6 | 185.2 | 146.7 |
| 2023-24 | 182.7 | 77.1 | 76.8 | 135.9 | 129.8 | 200.4 | 185.7 | 198.3 | 157.8 |
| Apr-Jan 2023-24 | 172.4 | 77.3 | 76.8 | 135.1 | 132.8 | 198.3 | 181.5 | 198.8 | 156.1 |
| Apr-Jan2024-25* | 182.8 | 75.7 | 77.2 | 139.5 | 135.1 | 209.9 | 189.8 | 208.8 | 162.9 |
Growth Rates (on Y-o-Y basis in per cent)
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Growth |
| Weight | 10.33 | 8.98 | 6.88 | 28.04 | 2.63 | 17.92 | 5.37 | 19.85 | 100.00 |
| 2012-13 | 3.2 | -0.6 | -14.4 | 7.2 | -3.3 | 7.9 | 7.5 | 4.0 | 3.8 |
| 2013-14 | 1.0 | -0.2 | -12.9 | 1.4 | 1.5 | 7.3 | 3.7 | 6.1 | 2.6 |
| 2014-15 | 8.0 | -0.9 | -5.3 | 0.2 | 1.3 | 5.1 | 5.9 | 14.8 | 4.9 |
| 2015-16 | 4.8 | -1.4 | -4.7 | 4.9 | 7.0 | -1.3 | 4.6 | 5.7 | 3.0 |
| 2016-17 | 3.2 | -2.5 | -1.0 | 4.9 | 0.2 | 10.7 | -1.2 | 5.8 | 4.8 |
| 2017-18 | 2.6 | -0.9 | 2.9 | 4.6 | 0.03 | 5.6 | 6.3 | 5.3 | 4.3 |
| 2018-19 | 7.4 | -4.1 | 0.8 | 3.1 | 0.3 | 5.1 | 13.3 | 5.2 | 4.4 |
| 2019-20 | -0.4 | -5.9 | -5.6 | 0.2 | 2.7 | 3.4 | -0.9 | 0.9 | 0.4 |
| 2020-21 | -1.9 | -5.2 | -8.2 | -11.2 | 1.7 | -8.7 | -10.8 | -0.5 | -6.4 |
| 2021-22 | 8.5 | -2.6 | 19.2 | 8.9 | 0.7 | 16.9 | 20.8 | 8.0 | 10.4 |
| 2022-23 | 14.8 | -1.7 | 1.6 | 4.8 | 11.3 | 9.3 | 8.7 | 8.9 | 7.8 |
| 2023-24 | 11.8 | 0.6 | 6.1 | 3.6 | 3.7 | 12.5 | 8.9 | 7.1 | 7.6 |
| Apr-Jan 2023-24 | 12.3 | -0.2 | 5.6 | 3.9 | 5.5 | 13.5 | 8.8 | 6.9 | 7.8 |
| Apr-Jan2024-25* | 6.0 | -2.0 | 0.5 | 3.3 | 1.7 | 5.9 | 4.6 | 5.0 | 4.4 |
Y-o-Y is calculated over the corresponding financial year of previous year
Annex II
Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2011-12=100
Index
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Index |
| Weight | 10.33 | 8.98 | 6.88 | 28.04 | 2.63 | 17.92 | 5.37 | 19.85 | 100.00 |
| Jan-24 | 219.6 | 78.8 | 79.3 | 135.9 | 135.0 | 217.8 | 192.2 | 197.2 | 165.4 |
| Feb-24 | 212.1 | 73.5 | 74.5 | 132.5 | 113.3 | 202.9 | 194.3 | 187.2 | 157.7 |
| Mar-24 | 256.0 | 78.9 | 79.3 | 147.0 | 116.6 | 219.8 | 219.4 | 204.2 | 175.0 |
| Apr-24 | 173.3 | 76.3 | 74.8 | 137.9 | 117.8 | 210.0 | 192.3 | 212.0 | 161.7 |
| May-24 | 184.7 | 77.9 | 78.7 | 141.8 | 135.9 | 209.7 | 190.6 | 229.3 | 168.2 |
| Jun-24 | 186.4 | 74.4 | 75.8 | 134.1 | 134.0 | 204.0 | 198.5 | 222.8 | 163.7 |
| Jul-24 | 163.0 | 76.6 | 78.0 | 143.3 | 138.8 | 205.1 | 174.6 | 220.2 | 162.8 |
| Aug-24 | 138.2 | 75.7 | 77.4 | 134.0 | 137.5 | 206.6 | 177.4 | 212.3 | 156.3 |
| Sep-24 | 151.8 | 72.0 | 75.8 | 134.1 | 134.8 | 202.0 | 178.8 | 206.9 | 155.4 |
| Oct-24 | 186.0 | 74.6 | 79.3 | 135.5 | 136.9 | 212.9 | 187.2 | 207.8 | 162.4 |
| Nov-24* | 199.6 | 73.9 | 75.7 | 138.4 | 136.2 | 201.0 | 177.6 | 184.1 | 157.0 |
| Dec-24* | 215.1 | 77.9 | 78.1 | 149.1 | 139.8 | 221.7 | 200.8 | 192.8 | 168.9 |
| Jan-25* | 229.8 | 77.9 | 78.1 | 147.2 | 139.0 | 225.8 | 220.0 | 199.8 | 173.0 |
Growth Rates (on Y-o-Y basis in per cent)
| Sector | Coal | Crude Oil | Natural Gas | Refinery Products | Fertilizers | Steel | Cement | Electricity | Overall Growth |
| Weight | 10.33 | 8.98 | 6.88 | 28.04 | 2.63 | 17.92 | 5.37 | 19.85 | 100.00 |
| Jan-24 | 10.6 | 0.6 | 5.5 | -4.3 | -0.6 | 9.2 | 4.1 | 5.7 | 4.2 |
| Feb-24 | 11.6 | 7.9 | 11.2 | 2.6 | -9.5 | 9.4 | 7.8 | 7.6 | 7.1 |
| Mar-24 | 8.7 | 2.1 | 6.3 | 1.6 | -1.3 | 7.5 | 10.6 | 8.6 | 6.3 |
| Apr-24 | 7.5 | 1.7 | 8.6 | 3.9 | -0.8 | 9.8 | 0.2 | 10.2 | 6.9 |
| May-24 | 10.2 | -1.1 | 7.5 | 0.5 | -1.7 | 8.9 | -0.6 | 13.7 | 6.9 |
| Jun-24 | 14.8 | -2.6 | 3.3 | -1.5 | 2.4 | 6.3 | 1.8 | 8.6 | 5.0 |
| Jul-24 | 6.8 | -2.9 | -1.3 | 6.6 | 5.3 | 7.0 | 5.1 | 7.9 | 6.3 |
| Aug-24 | -8.1 | -3.4 | -3.6 | -1.0 | 3.2 | 4.1 | -2.5 | -3.7 | -1.5 |
| Sep-24 | 2.6 | -3.9 | -1.3 | 5.8 | 1.9 | 1.8 | 7.6 | 0.5 | 2.4 |
| Oct-24 | 7.8 | -4.8 | -1.2 | 5.2 | 0.4 | 5.7 | 3.1 | 2.0 | 3.8 |
| Nov-24* | 7.5 | -2.1 | -1.9 | 2.9 | 2.0 | 4.4 | 13.5 | 4.4 | 4.4 |
| Dec-24* | 5.3 | 0.6 | -1.8 | 2.8 | 1.7 | 7.3 | 4.6 | 6.2 | 4.8 |
| Jan-25* | 4.6 | -1.1 | -1.5 | 8.3 | 3.0 | 3.7 | 14.5 | 1.3 | 4.6 |
Y-o-Y is calculated over the corresponding financial year of previous year