Growth of 4.6% Recorded in Core Sector Industries for January
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Synopsis
The index for eight core industries in India experienced a growth of 4.6% in January 2025 compared to the same month last year. This positive trend is supported by increases in production across several sectors, including cement and steel.
Key Takeaways
- 4.6% growth in core industries in January 2025.
- Positive production growth in cement, steel, and electricity.
- Coal production increased by 4.6%.
- Petroleum refinery production rose by 8.3%.
- Cumulative growth rate of 4.4% from April to January.
New Delhi, Feb 28 (NationPress) The combined index of eight core industries demonstrated a growth of 4.6 percent in January 2025, compared to the same month in the previous year, as per data published by the Commerce and Industry Ministry on Friday.
The production levels of cement, refinery products, coal, steel, fertilizers, and electricity showed positive growth during January this year, the statistics indicated.
The eight core industries account for 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
The overall growth rate of the Index of Core Industries (ICI) from April to January 2024-25 stands at 4.4 percent compared to the same period last year.
Coal production rose by 4.6 percent in January over the same month last year, with its cumulative index increasing by 6.0 percent from April to January 2024-25 relative to the previous year.
Petroleum refinery production, which holds a weight of 28.04 percent in the index, saw an increase of 8.3 percent in January 2025 compared to January 2024. Its cumulative index grew by 3.3 percent from April to January 2024-25 compared to the same period last year.
Fertilizer production jumped by 3.0 percent in January 2025 over January 2024 due to increased rabi sowing following a favorable monsoon this year.
Steel production, which constitutes 17.92 percent of the index, rose by 3.7 percent in January 2025 compared to January 2024. Its cumulative index increased by 5.9 percent from April to January 2024-25 over the corresponding period of the previous year.
Cement production (weight: 5.37 percent) surged by 14.5 percent in January 2025 compared to January 2024. Its cumulative index rose by 4.6 percent from April to January 2024-25 compared to the previous year.
Electricity generation, holding a weight of 19.85 percent in the index, saw an increase of 1.3 percent in January 2025 relative to January 2024, while its cumulative index grew by 5.0 percent from April to January 2024-25 compared to the prior year.
However, the production of both crude oil and natural gas declined during the month.
