The ICI measures the combined and individual performance of production of eight core industries — Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. These industries make up 40.27 per cent of the weight of items in the IIP.
The production of Cement, Steel, Coal and Refinery Products saw positive growth in May.
Cement production grew by 9.2 per cent in May. Its cumulative index increased by 7.8 per cent during April to May, 2025-26 over corresponding period of the previous year.
Steel production went up by 6.7 per cent . Its cumulative index increased by 5.5 per cent during April to May, 2025-26 over corresponding period of the previous year.
Coal production rose by 2.8 per cent in May, 2025 over May, 2024. Its cumulative index increased by 3.1 per cent during April to May, 2025-26 over corresponding period of the previous year.Crude Oil production fell by 1.8 per cent in May, with its cumulative index declining by 2.2 per cent during April to May, 2025-26 over corresponding period of the previous year.Natural Gas output fell by 3.6 per cent in May. Its cumulative index went down by 2.3 per cent during April to May, 2025-26 over corresponding period of the previous year.
Petroleum Refinery production rose by 1.1 per cent. Its cumulative index declined by 1.7 per cent during April to May, 2025-26 over corresponding period of the previous year.
Fertilizer output fell by 5.9 per cent in May. Its cumulative index declined by 5.1 per cent during April to May, 2025-26 over corresponding period of the previous year.
Electricity generation fell by 5.8 per cent. Its cumulative index declined by 2.2 per cent during April to May, 2025-26 over corresponding period of the previous year.
The final growth rate of the core sector for February 2025, March 2025 and April 2025 came in at 3.4, 4.5 and 1.0 per cent, respectively.
Content Source: economictimes.indiatimes.com