The coal sector showed the most significant increase of 14.8 percent in June 2024, as per the Index of Eight Core Industries released by the Ministry of Commerce and Industries. The coal industry's index rose to 186.4 points in June'24 from 162.4 points in the same period last year, marking a cumulative increase of 10.8 percent between April and June in FY25 compared to the previous year.
The Index of Core Industries (ICI) evaluates the production performance of eight core industries - cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel, both collectively and individually.
In June 2024, the Combined Index of Eight Core Industries saw a significant 4.0% growth compared to the previous year, highlighting the coal industry's substantial role in driving overall industrial growth.
The coal industry has consistently exceeded the performance of other industries, showing significantly higher growth compared to the overall growth of eight core industries in the past two years.
The impressive increase in coal production during June 2024, leading to a remarkable growth, reached 84.71 million tonnes, a 14.6 per cent rise from the previous year. This increase in output demonstrates the industry's ability to fulfil the increasing energy and manufacturing sectors' needs.
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