India's core sector growth rises by 4% in June 2024
Jul 31, 2024
New Delhi [India], July 31 : India's index of the eight core sectors grew 4 per cent on an annual basis in June, after growing 6.3 per cent in May, official data put out by the commerce ministry showed on Wednesday.
The eight sectors had grown 6.2 per cent in April 2024 and the final growth figure is 6.3 per cent for March 2024.
The production of Coal, Electricity, Natural Gas, Steel, Fertilizer, and Cement recorded positive growth in June 2024.
The eight core industries comprise 40.27 per cent of the weightage of items included in the Index of Industrial Production (IIP)
The cumulative growth rate of core industries from April to June 2024-25 was 5.7 per cent as compared to the corresponding period of last year.
Cement production increased by 1.9 per cent in June 2024 over June 2023. Its cumulative index increased by 0.3 per cent from April to June 2024-25 over the corresponding period of the previous year.
Coal production increased by 14.8 per cent in June 2024 over June 2023. Its cumulative index increased by 10.8 per cent from April to June 2024-25 over the corresponding period of the previous year.
However, Crude Oil production declined by 2.6 per cent in June 2024 over June 2023. Its cumulative index also declined by 0.7 per cent during April-June, 2024-25 as compared to the corresponding period of 2023-24.
Electricity generation, however, increased by 7.7 per cent in June 2024 over June 2023 and Its cumulative index increased by 10.5 per cent from April to June 2024-25 as compared to the corresponding period of 2023-24.
Fertilizer production is up by 2.4 per cent in June 2024 over June 2023 and its cumulative index remained constant from April to June 2024-25 as compared with similar period of the previous year.
Natural Gas production increased by 3.3 per cent in June 2024 as compared with June 2023. Its cumulative index also increased by 6.4 per cent from April to June 2024-25 over the corresponding period of the previous year.
Petroleum Refinery production declined by 1.5 per cent in June 2024 over June 2023. Its cumulative index is up by 0.9 per cent from April to June 2024-25 over the corresponding period of the previous year.
