New Delhi, October 30 (IANS). India’s major industries have grown by 2 percent in September as compared to last year. The rise was led by cement, refining products, coal, fertilizer and steel industries.
According to data from the Union Ministry of Commerce and Industry, the cumulative growth rate of eight core industries indices (ICIs) during the April to September period stood at 4.2 per cent year-on-year. ICI’s last growth rate in June was 5 percent.
Eight major industries constitute 40.27 per cent of the items included in the Index of Industrial Production (IIP).
According to provisional data, coal production increased by 2.6 percent on an annual basis in September. Its cumulative index increased by 5.9 per cent during April-September 2024-25 compared to the same period last year.
Petroleum refinery production in September increased by 5.8 percent compared to the same month last year. Its cumulative index increased by 2.3 per cent during April to September 2024-25 compared to the same period last year.
Fertilizer production also increased by 1.9 per cent in September and its cumulative index during April to September 2024-25 increased by 1.7 per cent compared to the same period last year.
Steel production grew by 1.5 per cent in September and the cumulative index of steel rose by 6.1 per cent during April-September this year.
Apart from this, cement production increased by 7.1 percent in September. The cumulative index of cement has increased by 1.6 percent during April to September 2024-25 compared to the same period last year.
The ICI measures the combined and individual performance of the output of eight key industries, namely coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity.
–IANS
ABS/ABM
