Index of Eight Core Industries (ICI) August 2024 Analysis
| Key Points | Details |
|---|---|
| Why in News | Index of Eight Core Industries (ICI) declined by 1.8% in August 2024, with positive growth in Steel and Fertilizers sectors. |
| Eight Core Industries | Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products, Steel. |
| Weight in IIP | These industries account for 40.27% of the weight in the Index of Industrial Production (IIP). |
| Coal Production | Declined by 8.1%, cumulative growth of 6.5% from April-August 2024. |
| Crude Oil Production | Declined by 3.4%, cumulative decrease of 1.7%. |
| Natural Gas Production | Declined by 3.6%, cumulative growth of 2.6%. |
| Petroleum Refinery Products | Declined by 1.0%, cumulative growth of 1.7%. |
| Fertilizers Production | Increased by 3.2%, cumulative growth of 1.7%. |
| Steel Production | Increased by 4.5%, cumulative growth of 7.3%. |
| Cement Production | Declined by 3.0%, cumulative growth of 0.7%. |
| Electricity Production | Declined by 5.0%, cumulative growth of 6.8%. |
| Overall Growth Rate | Cumulative growth rate for April-August 2024 stands at 4.6% compared to the previous year. |
| Index Values (Aug 2024) | Coal: 138.2 (-8.1%), Crude Oil: 75.7 (-3.4%), Natural Gas: 77.4 (-3.6%), Petroleum Refinery: 134.0 (-1.0%), Fertilizers: 137.5 (3.2%), Steel: 207.4 (4.5%), Cement: 176.5 (-3.0%), Electricity: 209.4 (-5.0%). |