Eight Core Industries Index Grows 4.6% in January 2025
Why in the news
The Ministry of Commerce and Industry released the Index of Eight Core Industries for January 2025 on 28 February. Overall growth was 4.6%, with cement the standout performer.
Key facts
- Index of Eight Core Industries (ICI) rose 4.6% year on year (provisional).
- Cumulative growth for April-January 2024-25 was 4.4%.
- The eight sectors together make up 40.27% of the weight of the Index of Industrial Production (IIP).
- Base year of the index is 2011-12.
| Sector | Growth in Jan 2025 | Weight in ICI |
|---|---|---|
| Cement | +14.5% | 5.37% |
| Refinery products | +8.3% | 28.04% |
| Coal | +4.6% | 10.33% |
| Steel | +3.7% | 17.92% |
| Fertilizers | +3.0% | 2.63% |
| Electricity | +1.3% | 19.85% |
| Crude oil | -1.1% | 8.98% |
| Natural gas | -1.5% | 6.88% |
About the index
The eight core industries are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. The index is compiled and released by the Ministry of Commerce and Industry, and the latest figures are provisional until revised.
Exam angle
- Refinery products have the largest weight (28.04%), followed by electricity and steel.
- Only crude oil and natural gas contracted in January 2025.
- Fertilizers have the smallest weight (2.63%).