New Delhi, 20 June (IANS). In May, the joint index of eight main industries (ICI) increased by 0.7 percent compared to the same month of last year. This information came from the data released by the Ministry of Commerce and Industry on Friday.
There was a positive increase in production of cement, steel, coal and refinery products last month.
The Ministry said that the final growth rate of the index of eight core industries for February, March and April was 3.4, 4.5 and one percent respectively.
The cumulative growth rate of ICI during April to May of FY 2025-26 is 0.8 percent (provisional) as compared to the same period last year.
According to the ministry data, coal production increased by 2.8 percent in May 2025 as compared to the same period last year. Its cumulative index has increased by 3.1 percent compared to the same period last year from April to May of FY 2025-26.
Petroleum refinery production increased by 1.1 percent in May. During the financial year 2025-26, April to May, its cumulative index decreased by 1.7 percent compared to the same period last year.
Steel production has increased by 6.7 percent in May and its cumulative index has increased by 5.5 percent during the same period last year during April to May of FY 2025-26.
Cement production also increased by 9.2 percent in May. Its cumulative index has increased by 7.8 percent from the same period last year during the FY 2025-26 April to May.
Power generation has declined by 5.8 percent in May and its cumulative index during the FY 2025-26 to May from April to May decreased by 2.2 percent compared to the same period last year.
ICI measures the joint and personal performance of eight major industries – coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity generations.
The ministry said that the weight of these eight major industries in the Industrial Production Index (IIP) is more than 40 percent.
-IANS
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