Core Sector Industries Achieve 3.8% Growth in March
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Synopsis
In March 2025, the combined index of eight core industries in India grew by 3.8% compared to the same month last year, according to the Commerce and Industry Ministry. Key sectors like cement and steel showed significant growth.
Key Takeaways
- Overall growth of 3.8% in core industries.
- Fertiliser production increased by 8.8%.
- Steel output rose by 7.1%.
- Cement production grew by 11.6%.
- Electricity generation up by 6.2%.
New Delhi, April 21 (NationPress) The aggregate index of eight core industries surged by 3.8% in March 2025 compared to the same month last year, as per the data unveiled by the Commerce and Industry Ministry on Monday.
In March this year, the production in sectors such as cement, fertilisers, steel, electricity, coal, and refinery products exhibited positive growth.
The Eight Core Industries account for 40.27% of the overall items in the Index of Industrial Production (IIP) and serve as a vital indicator of the country's industrial performance.
The final growth rate for December 2024 has been adjusted to 5.1%.
The cumulative growth rate for the ICI from April to March 2024-25 stands at 4.4% compared to the same timeframe last year.
Fertiliser output saw a substantial rise of 8.8% in March this year, attributed to the revitalization of the agriculture sector driven by improved monsoon conditions and enhanced MSP earnings for farmers. The cumulative index for fertilisers increased by 2.9% from April to March, 2024-25, year-on-year.
Steel production grew by 7.1% in March, fueled by heightened construction activity and investments in significant infrastructure projects. The growth in steel production from April to March now tallies at 6.7% compared to the same period last year.
Cement production recorded a remarkable double-digit growth of 11.6% in March, while the growth from April to March is at 6.3% year-on-year.
Electricity generation rose by 6.2% in March, with a cumulative growth of 5.1% during the April to March 2024-25 period.
Coal production increased by 1.6% in March from the previous year, while the cumulative index during April to March, 2024-25, rose by 5.1%.
Natural Gas production experienced a decline of 12.7% in March against the same month last year, whereas Petroleum Refinery Products saw a slight increase of 0.2% for the month.
