The combined Index of Eight Core Industries (ICI) registered growth of 4 per cent in January this year on an annual basis. The index eased from a revised 4.7 per cent in December and 5.1 per cent in January in the previous year. According to the data released by the Commerce and Industry Ministry, the moderation reflects continued weakness in energy-related sectors even as steel, cement and electricity maintained positive momentum.
As per the data, Cement production surged by 10.7 per cent, Steel production increased by 9.9 per cent, Electricity rose by 3.8 per cent, Fertilizer production increased by 3.7 per cent, and Coal production increased by 3.1 per cent during the last month.
However, the Crude Oil production declined by 5.8 per cent and Natural Gas production fell by five per cent while Petroleum Refinery Products production remained unchanged as compared to January 2025.
The Commerce Ministry data showed that the cumulative growth rate of ICI during April to January is provisionally reported at 2.8 per cent as compared to the corresponding period of last year. The eight core industries comprise over 40 percent of the weight of items included in the Index of Industrial Production.
Must Read
- Advertisement -
