Eight core industries grow 4.0% in December 2024
The combined Index of Eight Core Industries grew 4.0% (provisional) in December 2024 over December 2023, the Commerce Ministry said on 31 January 2025.
Summary
The combined Index of Eight Core Industries (ICI) grew 4.0% (provisional) in December 2024 compared with December 2023, according to data released by the Ministry of Commerce and Industry on 31 January 2025. In December 2024, coal, electricity, steel, cement, refinery products, fertilizers and crude oil recorded positive growth, while natural gas declined 1.8%. The eight core industries carry 40.27% weight in the Index of Industrial Production, and their cumulative growth in April–December 2024-25 was 4.2%.
Key facts
- Released
- 31 January 2025
- December 2024 growth
- 4.0% (provisional)
- Weight in IIP
- 40.27%
- April–December 2024-25
- 4.2%
- Declined
- Natural gas (−1.8%)
- Base
- 2011-12=100
Practice MCQs 2 questions
What is the combined weight of the eight core industries in the Index of Industrial Production (IIP)?
Show answer
Correct answer: B — 40.27%
PIB 2098037: the eight core industries comprise 40.27 per cent of the weight of items included in the IIP.
Which of the eight core industries recorded a decline in December 2024?
Show answer
Correct answer: A — Natural gas
PIB 2098037: all core sectors except natural gas, which declined 1.8%, recorded positive growth in December 2024.